Bank of India has filed a lawsuit against fugitive fraudster Nirav Modi in a Hong Kong court for the recovery of the money he had drawn from the bank on the basis of illegally secured Letters of Undertaking. The public sector bank moved a Hong Kong Court for the recovery of debt to the tune of 6.25 million US Dollars.

Bank of India is the second lender bank to file a recovery law suit in the Hong Kong court since third week of April.

Earlier, Punjab National Bank had moved a recovery writ in a Hong Kong court against Nirav Modi for an amount over five million US Dollars.

India has already submitted a request to the Hong Kong authorities to arrest Nirav Modi.