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.
Domino’s Will Now Fix Your Potholes With ‘Paving For Pizza’ Program
Domino's Pizza says potholes are putting its pizzas at risk, so the company is helping smooth out roads for delivery drivers. At a restaurant in Johnson City, health inspectors discovered rodent droppings on 14 trays of pizza dough.
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.
House GOP Makes Tentative Immigration Agreement, According to Rep. Jeff Denham
Almost nine-in-10 Democrats (87 percent) say the country would be better off with more women in office, while 10 percent disagree. Barton said the discussion didn't delve into detail on how to define the Dreamer population that would be covered under the bill.
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]".
Retired Schalk Brits gets South Africa call-up
It could have gone bad really for us. "We all took charge and told the guys to calm down". "We got the snakes. It is going to be a massive one in Bloemfontein".