Delhi

Enforcement Directorate approaches Interpol to get “Red Corner Notice” against Nirav Modi

The Hush Post: In an important development, the Enforcement Directorate (ED) has approached the Interpol demanding issuance of a “Red Corner Notice (RCN)” against absconding diamantaire Nirav Modi in connection with its investigation into Rs 13,500 crore Punjab National Bank (PNB) fraud case, a report said.

An ED source said that the ED has written to the Interpol requesting to issue the RCN, a request to locate and provisionally arrest an individual pending extradition. It is issued by the General Secretariat at the request of a member country or an international tribunal based on a valid national arrest warrant, Babushahi reported.

The move by ED comes in the wake of the charge sheet it filed against 23 people including Nirav Modi in a special court in Mumbai.

A non-bailable warrant was issued against Nirav Modi and 10 other accused, including his family members, in the case related to the fraud, after taking cognisance of a charge sheet filed against them by the Enforcement Directorate last month.

Last week, the ED had moved the special court seeking warrants against the accused, and Special Prevention of Money Laundering Act (PMLA). It has charged the accused under various sections of the Indian Penal Code and the PMLA in the case, it was reported.

The charge sheet or the prosecution complaint –running in about 12,000 pages – names Nirav Modi, his sister Purvi Mehta, brother-in-law Maiank Mehta, brother Neeshal Modi, relative Nehal Modi, father Deepak Modi and 18 others.

Nirav Modi’s three firms, namely Solar Exports, Stellar Diamonds and Diamonds R US, which had fraudulently obtained Rs 6,498 crore through LoUs issued by the Mumbai’s Brady House Branch of PNB were also named in the charge sheet, it was reported.

Modi left India with his family around a month before PNB filed its first complaint with the Central Bureau of Investigation (CBI) in the fraud at the beginning of this year, the report said.

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