Asia Briefs: Billionaire accused of bank fraud flees India

Billionaire accused of bank fraud flees India

MUMBAI • Indian billionaire jeweller Nirav Modi, wanted over alleged massive bank fraud, has fled to Britain where he is seeking asylum, according to a report.

Mr Modi, whose celebrity clients have included actresses Naomi Watts and Kate Winslet, is accused of involvement in a US$1.8 billion (S$2.4 billion) scam against Punjab National Bank.

The Financial Times newspaper yesterday cited officials in India and Britain as saying that Mr Modi had sought asylum in Britain for what he called "political persecution".

AGENCE FRANCE-PRESSE

Suicide bomber kills 13 at Afghan ministry

KABUL • A suicide bomber killed 13 people and wounded more than 25 others during rush hour yesterday at the entrance to Afghanistan's rural rehabilitation and development ministry in Kabul as workers were leaving for home, government spokesmen have said.

The Islamic State in Iraq and Syria claimed responsibility, its AMAQ news agency said, without providing any evidence.

The attack comes as security has deteriorated in the city during recent months ahead of elections scheduled for October.

REUTERS

Ex-1MDB investigator to likely head central bank

KUALA LUMPUR • A former Malaysian central bank official who was part of a team investigating beleaguered state fund 1Malaysia Development Berhad (1MDB) is tipped to be picked as the next governor of the bank, people familiar with the matter said.

Datuk Nor Shamsiah Mohd Yunus, a former central bank deputy governor, is likely to take over from Tan Sri Muhammad Ibrahim, who resigned last week, two people told Reuters yesterday, declining to be identified as the talks were private.

REUTERS

A version of this article appeared in the print edition of The Straits Times on June 12, 2018, with the headline 'Asia Briefs'. Print Edition | Subscribe