An extradition request against Modi is pending since last September before the United Kingdom authorities.
Modi, 48, is now living in a three-bedroom flat occupying half of a floor of the landmark Centre Point tower block, where rent is estimated to cost 17,000 pounds a month, The Telegraph reported.
Revealing Modi's whereabouts, Telegraph UK released a video on Saturday, March 9, in which the fugitive businessman can be seen strolling on the streets of London sporting a handle-bar moustache and a jacket by Ostrich Hide, said to cost "at least £10,000". The monthly rent for the property is estimated to be £17,000 a month (over 15 Lakh), reports said.
Modi and his uncle Mehul Choksi, who are wanted in India for loan default, fled the country in the first week of January previous year after their companies were found cheating the state-run PNB of Rs 14,000 crore. He refused to comment to any of posers put forth by The Telegraph correspondent. Choksi is also absconding; he is reported to be living in Antigua and Barbuda.
In July past year, the worldwide police agency Interpol issued a Red Notice for Nirav's arrest following India's request.
Punjab National Bank, India's second-largest state-run bank, in 2018 said that two jewellery groups headed by Modi and his uncle Mehul Choksi had defrauded it of about $2.2 billion by raising credit from other Indian banks using illegal guarantees issued by rogue PNB staff.
Meanwhile, Modi's sprawling seaside bungalow at Kihim beach in Maharashtra's Raigad District was demolished with explosives on Friday for flouting the Coastal Regulation Zone (CRZ) norms.
"The business, which was incorporated last May, is linked to his flat in Centre Point although he is not listed as a director at Companies House", the Telegraph reported, wondering how Modi's presence remained unnoticed by the British authorities.
Nirav, the report revealed, takes a daily walk from his home to the office with his dog. Nirav Modi has also got UK's Nation Insurance Number, which is normally provided to United Kingdom nationals only and allows people to do business, carry out bank transactions, etc, legally. Nirav is apparently in contact with a wealth management firm in west London, which is famous for offering advice to rich foreigners. It is with the British government.