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LONDONBillionaire jeweller Nirav Modi, wanted in India over the Rs 13,700-crore PNB fraud, is living freely in London, where he is now involved in a new diamond business, British newspaper The Telegraph reported on Friday after confronting him in a busy street.

"Kumar said that the ministry has been aware of his presence in the United Kingdom and the extradition request is under the consideration of the United Kingdom government".

In December past year, the Debt Recovery Tribunal (DRT) served notice to Nirav Modi, his family members and his companies to recover over Rs 7,000 crore owed to Punjab National Bank (PNB).

"The video of fugitive #NiravModi in London shows an uncanny similarity between him & his bhai, PM Modi".

Mr. Modi fled the country after allegedly siphoning off about ₹ 13,000 crore from Punjab National Bank using Letters of Undertaking in collusion with his uncle Mr. Choski. He added that all necessary steps are being taken for his extradition. The request, according to a TOI report, is still on Sajid Javid's desk who has to decide whether to certify that request and send it to the English courts.

"Since last 5 years, he (Modi) is making two Indias - one is of wealthy people like Anil Ambani who travel in private planes and achieve what they like".

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Though Modi's bank accounts in India have been frozen and an Interpol red notice has been issued against him, the fugitive has become involved in a new diamond business in Soho locality, the daily said.

The Daily Telegraph tracked Modi down to three-bedroom £8 million apartment occupying half a floor within the luxury skyscraper called Centre Point off Tottenham Court Road, where rent is understood to be £17,000 a month.

The Telegraph wrote: "Modi appears to have adopted a surprisingly nonchalant attitude to his fugitive status, walking his small dog each day between his apartment and the diamond company's office in a town house in Soho, just a few hundred yards from his Centre Point home".

"He has also been in contact with a wealth management company based in west London, which specialises in advice to rich foreigners", the report said. The newspaper reported that he was wearing a jacket that was made of ostrich hide, which would have cost at least 10,000 British pounds.

Security guards stand inside a Nirav Modi showroom during a raid by the Enforcement Directorate, a government agency that fights financial crime, in New Delhi, India, February 15, 2018. He is also seen avoiding every question posed at him, saying "no comment".