Nirav Modi is an Indian jeweler whose designs have been worn by Hollywood and Bollywood stars. He’s also a fugitive from the law in India due to his involvement in defrauding Punjab National Bank of $1.8 billion. Two bank employees were accused of initiating fraudulent loans to companies tied to billionaire jeweler Nirav Modi. It is believed that Modi used fake bank letters of understanding to get loans from Punjab National Bank. He’s been on the run and seeking asylum in London for about two years. Now, he’s fighting extradition to India, where he faces a maximum sentence of life imprisonment if found guilty.
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