Red Corner Notice issued against Nirav Modi

<p>New Delhi [India], July 02 (ANI): A Red Corner Notice has been issued against absconding diamantaire Nirav Modi by the Interpol in connection with the multi-crore Punjab National Bank (PNB) scam.</p><p>Interpol has also issued Red Corner Notice against Nirav's brother Nishal Modi and his company's executive Subhash Parab in connection with the scam.</p><p>This comes after the Enforcement Directorate (ED) requested the Interpol to issue the notice against Nirav, who is wanted in India in the money laundering case.</p><p>It is to be noted that the notice issued by Interpol urges its member countries to detain or arrest an accused, who is wanted in a country.</p><p>Nirav, who is at the centre of the multi-crore bank fraud, is reportedly in the UK and needs to be extradited as non-bailable warrants (NBW) are already issued against him.</p><p>On June 28, the Ministry of External Affairs (MEA) official said India has requested a group of countries to deny entry to Nirav.</p><p>The Ministry also sought assistance from some European countries including France, United Kingdom, and Belgium to trace and restrict Nirav's movements.</p><p>For those unversed, the PNB detected the multi-crore scam this year, wherein Nirav and his uncle-cum-business-partner Mehul Choksi had allegedly cheated the bank to the tune of USD 2 billion, with the purported involvement of a few employees of the bank. (ANI)</p><br/><center><em><p>This story has not been edited. It has been published as provided by ANI</p></em></center>

from home https://ift.tt/2tLes4C