PNB scam: Interpol issues red corner notice against Nirav Modi
New Delhi, Jul 2 (IBNS): Accepting the request of the Central Bureau of Investigation (CBI), the International Criminal Police Organisation (Interpol) has issued a red corner notice against fugitive jeweller Nirav Modi, media reports said.
Interpol's Red Corner Notice urges its member nations to detain or arrest an accused.
So Modi, who is accused in a $2 billion bank fraud case, can now be arrested in any member nation.
The banking sector fraud came to light in early 2018 when Punjab National Bank (PNB) said Modi along with his uncle, Mehul Choksi, defrauded $2.2 billion by issuing illegal letters of understanding from overseas branches of other Indian banks.
A PNB staff was also involved in the fraud case.
Police have filed charges against 25 people, including Modi and Choksi, in the case.
On May 24, the Enforcement Directorate (ED) filed the first chargesheet against diamond merchant Modi and other associates in the PNB fraud and money laundering case, according to media reports.
The chargesheet contains details of the attachment made by ED against Modi and his associates in the past few months after an FIR was registered in the name of the accused.
Modi has been absconding since early 2018 when the Central Bureau of Investigation (CBI) started investigating the fraud case involving him and Indian banks.
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