PNB fraud: Interpol issues red notice against Nirav Modi's sister

The notice, which acts as an international arrest warrant, states that Purvi Deepak Modi, 44, is required on charges of "money laundering".

Published: 10th September 2018 01:17 PM  |   Last Updated: 10th September 2018 02:54 PM   |  A+A-

Absconding billionaire jeweller Nirav Modi (File photo)

By PTI

NEW DELHI: Interpol has issued a red corner notice (RCN) against Purvi Modi, a Belgian national and absconding billionaire jeweller Nirav Modi's sister, in connection with the alleged USD 2 billion PNB money laundering case, officials said Monday.

The notice, which acts as an international arrest warrant, states that Purvi Deepak Modi, 44, is required on charges of "money laundering".

The RCN against her was requested by the Enforcement Directorate (ED), officials said.

The ED wants her to join investigations to take its investigation in the case forward, they added.

It named her in its first charge sheet in the case in March and charged her with laundering the alleged proceeds of crime generated by defrauding the Brady House branch of the Punjab National Bank in Mumbai.

According to the Interpol notice, Purvi speaks English, Gujarati and Hindi and is a Belgian national.

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

A similar Interpol notice was recently issued against Mihir R Bhansali, a top executive of Nirav Modi's US business concern, on charges of money laundering.

A similar notice was issued against Nirav Modi sometime back as part of a joint probe by the ED and the CBI in the case.

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 USD 2 billion (about Rs 13,000 crore) by Nirav Modi and his uncle Mehul Choksi, both absconding since the first week of January.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

facebook twitter whatsapp