Nirav Modi, the jeweller at the centre of the Punjab National Bank scam, will be extradited to India after the UK government approved the move.
He is wanted by Indian authorities after being linked to a $2 billion (£1.43 billion) bank fraud case that was reported in early 2018.
Held at London’s Wandsworth Prison for some time, the 50-year-old Modi will now be returned to his native country.
The businessman now has less than two weeks in which to begin the appeal process if he wishes to continue his asylum here.
Prior to his two-year incarceration in the British prison system, Modi was a world-famous jeweller whose Nirav Modi Jewels brand found international success.
His alleged crimes include money laundering, fraud and subverting the criminal investigation by threatening to kill a witness.
Read more about Nirav Modi and his involvement in the scandal below: