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India authorities in the past said that Modi was seen in the United Kingdom after fleeing the country previous year, yet London failed to act on the world-wide police alert requesting a provisional arrest of the fugitive, pending extradition proceedings. Jewellery firms headed by him and his uncle, Mehul Choksi, are accused of cheating Punjab National Bank by raising foreign credit using fake guarantees. His extradition case will now be further evaluated by the court, which might issue a provisional arrest warrant against Nirav Modi soon.

The exclusive report, headlined 'India's most wanted man Nirav Modi - accused of £1.5 bn fraud - living openly in London', said Modi had "grown a handlebar moustache since becoming a fugitive", and "takes a daily walk from his flat to his new office with his dog".

Though Modi's bank accounts in India have been frozen and an Interpol red notice has been issued against him, the fugitive has become involved in a new diamond business in Soho locality, the daily said.

The 48-year-old bank fraud fugitive who faces an Interpol red corner notice is now subject of an extradition request by India.

Shamshabad: With Congress President Rahul Gandhi present, his party's star campaigner Vijaya Shanti on Saturday made controversial comments about Prime Minister Narendra Modi, comparing him to a "terrorist".

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Modi, 48, is now living in a three-bedroom flat occupying half of a floor of the landmark Centre Point tower block, where rent is estimated to cost 17,000 pounds a month, as per the British Daily report.

It appears that the celebrity jeweler tycoon had settled in well in the British capital, where he rents a three-bedroom flat in the landmark Centre Point tower block for about £17,000 ($22,000) a month. This firm was incorporated in May past year and is linked to the flat. Nirav is apparently in contact with a wealth management firm in west London, which is famous for offering advice to rich foreigners.

The fugitive diamond merchant, who has been on the run since February 2018, has been found to be doing diamond business in one of the best and high-end markets of London despite India's efforts to bring him back.

Britain's Department of Work and Pensions has also granted the businessman a National Insurance number, The Telegraph reported quoting unidentified government officials.

Sporting a pink shirt and a black "ostrich leather" jacket, Nirav Modi refused to comment on a host of questions posed by a reporter from The Telegraph.