India

PNB Scam: Interpol Issues Red Corner Notice Against Nirav Modi’s Brother

By
OB Bureau

New Delhi: The Interpol has put out a red corner notice against the brother of fugitive billionaire Nirav Modi, who is wanted in India for bank fraud.

The Interpol notice means that the accused, Nehal Deepak Modi, can be hunted and arrested in any country. The request to law enforcement agencies worldwide to locate and provisionally arrest Nehal came from the Enforcement Directorate, NDTV quoted unnamed sources as saying.

Nirav Modi, who allegedly cheated state-run Punjab National Bank (PNB) of nearly $2 billion, is in jail in London. His judicial custody will end on September 19.

The fugitive billionaire and his family, including his brother Nehal and uncle Mehul Choksi, the promoter of Gitanjali Group, left India in January last year, weeks before the fraud that came to be known as PNB scam surfaced.

The Enforcement Directorate has said Nehal and other family members helped his fugitive brother in laundering money and destroying evidence.

OB Bureau

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