Asia Briefs: Billionaire accused of bank fraud flees India

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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.