PNB scam-accused Nirav Modi has not sought political asylum in UK

The revelation comes barely days after the Interpol issued a Red Corner Notice (RCN) against him in connection with the multi-crore Punjab National Bank (PNB) scam.

Published: 04th July 2018 04:49 PM  |   Last Updated: 04th July 2018 04:49 PM   |  A+A-

Nirav Modi took huge amount of money just on the basis of Letters of Undertaking from PNB bank. (File Photo)

Interpol issued a Red Corner Notice against him in connection with the multi-crore PNB scam.

By ANI

NEW DELHI: Absconding diamantaire Nirav Modi, who is at the heart of the multi-crore bank fraud, has not sought political asylum in the United Kingdom (UK), said sources.

However, the UK government has not shared any details with India in this context.

Nirav is reportedly in the UK and needs to be extradited as non-bailable warrant (NBW) has already been issued against him.

The revelation comes barely days after the Interpol issued a Red Corner Notice (RCN) against him in connection with the multi-crore Punjab National Bank (PNB) scam.

RCN has also been issued against Nirav's brother Nishal Modi and his company's executive Subhash Parab in connection with the scam.

The development came after the Enforcement Directorate (ED) requested the Interpol to issue the notice against Nirav, who is wanted in India in the money laundering case.

On June 28, an official of the Ministry of External Affairs (MEA) said India has requested a group of countries to deny entry to Nirav.

The Ministry also sought assistance from some European countries including France, UK and Belgium to trace and restrict Nirav's movements.

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.

Interpol issued a Red Corner Notice against him in connection with the multi-crore PNB scam.

Stay up to date on all the latest Nation 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