According to FT report, Nirav Modi is claiming "political persecution" in India and hence has urged for asylum in UK. However, New Delhi has delayed the signing of the final agreement, apparently due to the concerns raised by certain quarters in the government, another official said.
Investigators have arrested 25 people for enabling the defrauding of the bank with forged documents.
His high-end eponymous brand has stores in several of the world's major cities and boasts celebrity customers including actresses Naomi Watts and Kate Winslet and Bollywood megastar Priyanka Chopra.
A spokesman for Britain's Home Office said it does not comment on individual cases.
G7 photo of Trump becomes internet classic, going from baroque to ridiculous
She said that she still believes Trump shares the principled stance of the G7 on " many issues". Merkel also commented on the statement of the US President, informs Bloomberg.
Indian authorities are investigating Mr Modi and his uncle and business partner, Mehul Choksi, also a diamond merchant, for allegedly defrauding PNB of 2.8 billion rupees (Dh161 million).
His escape had caused massive public outcry, with opposition political parties accusing Prime Minister Narendra Modi of helping him flee.
The Enforcement Directorate, India's financial fraud-investigating agency, had unsuccessfully approached Interpol in March for an worldwide arrest warrant.
The PNB came to light as the Indian government tries to reduce crippling debts accumulated by state-run banks.
Wilder agrees to heavyweight showdown with Joshua
The offer also includes a rematch clause, which Joshua and his team insisted on, and Wilder is happy to accept that also. Joshua, 28, won his first world title in 2016 and has made five defenses, taking his record to 21-0 with 20 knockouts.
It recently announced a $32 billion recapitalization plan to help them clean up their books ahead of the general election in 2019.
The losses were largely because it had to set aside funds to pay the other banks for the illegal guarantees issued in the scam.
About two weeks ago, India asked the United Kingdom to expedite the extradition process of two economic offenders - fugitive businessman Vijay Mallya and former Indian Premier League (IPL) chief Lalit Modi - both of whom are now in London. The case has soured British-Indian relations.
Union Minister of State for Home Kiren Rijiju is learnt to have told U.K. Minister Baroness Susan Williams on Monday that he was absolutely "aghast and shocked" at the unfortunate incident relating to the desecration of the Indian flag at Parliament Square by "miscreants in the presence of Metropolitan Police" during the PM's visit to the U.K.in April. "She has agreed to our request in giving full cooperation on Vijay Mallaya or Nirav Modi [issue]".
Beyond Good and Evil 2 Gets Beautiful Images Showing Familiar Characters
The crew then faced off against a woman that Pey'j identified as Jade, the main character from the original Beyond Good & Evil. Beyond Good and Evil 2 gameplay was shown for the first time during Ubisoft's E3 press conference Monday afternoon.