India was on Friday night seeking the arrest of Nirav Modi, the fugitive billionaire jeweller at the centre of the country’s biggest ever banking scam, who was believed to be hiding in Hong Kong.
A source confirmed that Indian authorities had submitted a request to the city’s Department of Justice for the provisional arrest of the diamond merchant, wanted over a US$2 billion (HK$15.7 billion) fraud at the state-run Punjab National Bank.
“We have reason to believe that he…
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