Punjab National Bank which is the country's second-largest state-run bank, said earlier in 2018 that two jewelry groups headed by Modi and his uncle Mehul Choksi had defrauded it of about $2.2 billion. Police filed charges against more than 25 people in May including Modi, Choksi, former PNB chief Usha Ananthasubramanian. Nirav Modi is the main person in the $2.2 billion fraud case, and he has now fled to the UK where is claiming for political asylum. Britain’s authorities however told that they do not provide information on individual cases. The center is already dealing with Vijay Mallya’s cases who is the co-owner of formula one racing and Kingfisher Airlines. We know that Mallya also fled the country with a case of unpaid loans in many public sector banks.
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