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Revealing Modi's whereabouts, Telegraph UK released a video on Saturday, March 9, in which the fugitive businessman can be seen strolling on the streets of London sporting a handle-bar moustache and a jacket by Ostrich Hide, said to cost "at least £10,000". The rent of the apartment is estimated to be around 17,000 pounds a month.

Fugitive billionaire Nirav Modi is lavishly living in the open in London, despite being wanted back home for an alleged £2bn ($2.6bn) scam against India's Punjab National Bank (PNB), the Telegraph has reported, after tracking down the elusive businessman. When the reporter says: "You owe a lot of people a lot of money, Modi, a lot of people who would very much like to know where you are", he also says "No comment". Mehul Choksi, his uncle and co-accused, had earlier surrendered his passport to Antigua - of which he is now a citizen - in an attempt to avoid extradition to India.

According to the British newspaper, Nirav is living in a three-bedroom flat in Centre Point, a high-rise building next to the Tottenham Court Road underground station. Later, India asked Britain to extradite him after reports said he had entered that country.

On Friday, hours before details about Nirav's whereabouts and life in London emerged, authorities demolished his seaside bungalow in Alibaug through a controlled explosion. According to a video and interview published by The UK Daily Telegraph, the fugitive diamantaire is now residing in an £8 million flat near Oxford Street, London.

A source told the the United Kingdom daily that Modi had been given a National Insurance number by the Department for Work and Pensions, meaning he can legally work in Britain, and has used British bank accounts.

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Nirav is not listed as a director.

The 48-year-old bank fraud fugitive who faces an Interpol red corner notice is now subject of an extradition request by India.

"(Nirav) Modi could be seen this week on the phone at the window of his new offices", The Daily Telegraph said.

Finally, amidst the clamour of discrepancy in the way India has pursued the extradition of another economic offender Vijay Mallya, versus how it has allowed the British government to delay sending Nirav Modi back, the BJP sought to remind that it was the Congress government that had in fact given Mallya a second loan. "It is not clear why the British government has given him a national insurance number and yet has apparently failed to act on the Interpol red notice", The Telegraph report said.