PNB Scam: Interpol issues Red Corner Notice against Nirav Modi, 2 others

The Interpol on July 2 issued a red corner notice against bank fugitive Nirav Modi in connection with the Rs 13,000 Punjab National Bank (PNB) fraud in India. Red Notices have also been issued against Nirav Modi’s brother Neeshal Modi and employee Shubash Parab on the request of the Enforcement Directorate and the Central Bureau of Investigation.

In its Red Corner Notice issued against a Modi, the Interpol has asked its 192 member countries to arrest or detain the person is spotted in their countries after which extradition or deportation proceedings can begin.

Recently in a procedure to trace Modi, the Indian Ministry of External Affairs has written to several European countries seeking their help and also sent messages to all its missions abroad to get in touch with local governments to deny entry to Modi and inform India if he was residing there.

Nirav Modi, along with others allegedly cheated Bank by the fraudulent issuance of Letters of Undertakings and Foreign Letters of Credit.

The current location of Modi, who flew out of the country along with his family, is not known.