• search
For Quick Alerts
For Daily Alerts

Nirav Modi moves to St.Kitts, seeks citizenship: Report

By Vicky

Has disgraced diamond czar, Nirav Modi moved to St. Kitts? A report claims that Nirav Modi and his family moved to a new hideout at Sylvan St Kitts located in the eastern Caribbean.

Nirav Modi

Mumbai Mirror while quoting sources said that Modi has also bought a villa at St. Kitts which is helping him acquire citizenship of the island nation. He has been planning this for a while now. In fact, he visited the island nation a week back, the report also stated while quoting sources.

St. Kitts would be an ideal place for him since India does not have an extradition treaty with the country despite it being part of the Commonwealth.

Applicants can get citizenship through an investment programme, according to the website of the St Kitts and Nevis government. Applicants may qualify for citizenship through a contribution to the Sugar Industry Diversification Foundation (SIDF). For a single applicant, a non-refundable contribution of Rs 1.6 crore (USD 250,000) is required.

Applicants may also qualify for citizenship through an investment in a pre-approved real estate project, which may include hotel shares, villas, and condominium units. The minimum real estate investment required by law is Rs 2.6 crore (USD 400,000) for each main applicant.

"Now that his passport has been revoked by the MEA, he will set up another diamond trading unit in either Singapore or Hong Kong," another source said.

"He can do this and continue to evade Indian authorities because neither of these countries will extradite him since he will be an St Kitts citizen soon," the source also added.

OneIndia News

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more