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Regular-article-logo Friday, 26 April 2024

Interpol issues Red Corner Notice against Nirav Modi's brother

The global arrest warrant has been issued on charges of alleged money laundering that is being probed by the Enforcement Directorate

PTI New Delhi Published 13.09.19, 08:51 AM
Nehal Modi has been charged with destruction of evidence and "knowingly and intentionally" assisting Nirav Modi (in photo) in his alleged illegal acts

Nehal Modi has been charged with destruction of evidence and "knowingly and intentionally" assisting Nirav Modi (in photo) in his alleged illegal acts Telegraph file picture

The Interpol has issued a Red Corner Notice (RCN) against Nehal Modi, younger brother of PNB scam accused Nirav Modi, officials said on Friday.

They said the global arrest warrant against the Belgian national Nehal, 40, has been issued on charges of alleged money laundering that is being probed by the Enforcement Directorate.

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Nehal Deepak Modi was born in Antwerp, Belgium, on March 3, 1979, and he knows languages such as English, Gujarati and Hindi, according to the RCN issued by the Interpol.

In a RCN issued against a fugitive, Interpol asks its 192 member countries to arrest or detain the person if they are spotted in their countries after which extradition or deportation proceedings can begin.

Nehal has been named in the chargesheet filed by the ED in this case, and he has been charged with destruction of evidence and 'knowingly and intentionally' assisting Nirav Modi in his alleged illegal acts.

The ED alleged that after the PNB fraud came to light, Nehal along with Nirav Modi's close confidante and executive Mihir R. Bhansali 'took 50 kg gold and substantial cash from Dubai and directed dummy directors not to reveal his name before authorities.'

Nirav Modi and his uncle Mehul Choksi are alleged to be the main perpetrators of India's biggest bank fraud case that came to the fore last year.

The case pertains to cheating the state-run Punjab National Bank through fraudulent issuance of Letters of Undertaking and Foreign Letters of Credit worth over Rs 13,000 crore by Nirav Modi and Mehul Choksi.

While Nirav Modi is in jail in London and is contesting his extradition to India, Choksi is said to be in Antigua.

The Interpol has earlier issued RCNs against Nirav Modi, his sister Purvi Modi and Bhansali in the money laundering probe case.

The CBI is also probing this bank fraud case.

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