Nirav Modi

The 48-year-old is currently said to be living in a three-bedroom apartment in London and has travelled in and out at least thrice since his passport was cancelled by Indian authorities in 2018

The fugitive billionaire diamantaire was arrested on March 19 from London's Holborn Tube metro station.

Nirav Modi is expected to be put under formal arrest by the local police soon

The Enforcement Directorate (ED), early this month, had said that United Kingdom's home secretary Sajid Javid had referred India's request for extraditing Modi to a court for initiating legal proceedings against the diamantaire.

The financial crime probe agency has alleged that Ami Modi used an international bank account to move $30 million, suspected to be proceeds of the scam.

Gandhi said he was talking about the "dishonest" people associated with Modi and "it is really the fight between Congress and Modi".

The Enforcement Directorate is following a trail of $30 million which was routed to the US via illegal means. The money was used to purchase a property in New York. The transaction has numerous layers, the ED has learnt that it was first handed over to Mumbai-based firm Solar Stellar and then to Purvi Mehta [Nirav Modi’s sister] after which the property was bought in the US

They said the charge sheet or the prosecution complaint has been filed before a special Prevention of Money Laundering Act (PMLA) court in Mumbai.

In the video released by a journalist of The Telegraph, Nirav Modi can be seen sporting a handlebar mustache and an ostrich leather jacket worth 10,000 pounds, nearly Rs 9 lakh.

Choksi, along with his nephew Nirav Modi, is accused of defrauding the state-run Punjab National Bank of Rs 13,000 crore.

Modi fled the country after allegedly siphoning off about Rs 13,000 crore from Punjab National Bank using Letters of Undertaking.

Controlled blasting technique will be used to demolish the bungalow in Alibaug, Maharashtra

The Central agency's reply came in response to an application filed by Nitin Shahi, a former assistant finance manager with Choksi's Gitanjali Group, who is one of the accused.

Choksi, who is one of the key people accused of defrauding Punjab National Bank of $2 billion, fled India before the accusations surfaced last year.

The high court had ordered action against unauthorised constructions in Alibag in Raigad district, a popular getaway near Mumbai.

The Enforcement Directorate (ED) had moved the special court for Prevention of Money Laundering Act seeking to declare Modi and Choksi as fugitive economic offenders (FEAs).

The names include PNB's former Chairman and Managing Director Usha Anathasubramanian and Executive Directors K Brahmaji Rao and Sanjiv Saran.

A division bench of Chief Justice N H Patil and Justice N M Jamdar was hearing a public interest litigation (PIL) filed in 2009 by Shambhuraje Yuvakranti of the Akhil Bhartiya Maratha Seva Sangha on the issue.

In June, the Ministry of External Affairs (MEA) had written to several European countries seeking help in tracing Nirav Modi.

In the meantime, the sector continued to sit on the mount of NPAs even as efforts continued in courts and tribunals and other forums for recovery of stressed assets, further confounded by defaulting promoters of defaulting corporates coming back to reclaim their assets when they were put on sale by aggrieved lenders.