Jeweler Behind $2BN Indian Bank Fraud Reportedly Seeking Political Asylum In London

Four months after news of India's largest-ever banking scandal burst into the headlines when authorities discovered that a series of shell companies tied to a famous Indian jeweler had stolen nearly $2 billion from state-owned banks using an elaborate scheme, the location of the alleged mastermind - who fled with his uncle, also an alleged conspirator, before the fraud was discovered - is coming into focus.

Though Indian police have been unable to track him down, Nirav Modi, an Indian jeweller known for building an international luxury brand, is reportedly in London, where he is trying to claim asylum from what he claims is a political persecution.