LONDON: Nirav Modi entered the UK on a ‘golden visa’, a tier-1 (investor) visa issued by the British government to investors outside the European Union on a commitment to invest £2 million in UK government bonds or shares of a company, sources in the UK government told TOI on Thursday.
The sources revealed that the visa was issued on Modi’s Indian passport. Modi has been on the run from India since January 2018 and the Enforcement Directorate has filed a case to
declare him an economic offender
+ under a new law enacted last year.
A golden visa allows a person to work, study or set up a business in the UK. The one-time investment of £2 million has to remain invested for five years before the visa holder becoming eligible for permanent residency. But that can be accelerated if more