Asia Briefs: Billionaire accused of bank fraud flees India


June 12 2018

Indian billionaire jeweller Nirav Modi, wanted over alleged massive bank fraud, has fled to Britain where he is seeking asylum, according to a report.

Mr Modi, whose celebrity clients have included actresses Naomi Watts and Kate Winslet, is accused of involvement in a US$1.8 billion (S$2.4 billion) scam against Punjab National Bank.