While we all were left wondering how he managed to get into London, reports suggest that Nirav Modi apparently entered the UK on a 'golden visa', issued on his Indian passport.
Exclusive: Telegraph journalists tracked down Nirav Modi, the billionaire diamond tycoon who is a suspect for the biggest banking fraud in India's historyhttps://t.co/PpsjGeFEsy pic.twitter.com/v3dN5NotzQ— The Telegraph (@Telegraph) March 8, 2019
A golden visa allows an investor from outside the European Union & Switzerland to make investments and settle in Britain.
These investors have to commit £2 million in bonds of the UK government.
The one-time investment of £2 million has to remain invested for five years before a visa holder becomes eligible for permanent residency. But this process can be accelerated if the investor invests more money.
According to a report by Telegraph, Modi is now believed to be running a new business in London which describes itself as a wholesale trader in watches and jewellery.