evidence: Indian tycoon Nirav Modi loses extradition appeal in UK LONDON (AP) — Diamond tycoon Nirav Modi on Wednesday lost an appeal of a British court’s ruling that he should be extradited from the U.K. to India to face allegations he was involved in a $1.8 billion bank fraud. [...] Indian authorities have sought Modi since February 2018, when they alleged companies he controlled defrauded the state-owned Punjab National Bank by using fake financial documents to get loans to buy and import jewels.