The Interpol has issued the Red Notice against diamond merchant Nirav Modi, his brother Neeshal Modi, and their employee Shubash Parab on the request of the Enforcement Directorate and the CBI in connection with the Rs. 13,578-crore Punjab National Bank fraud.
A request for the notice against Mr. Modi’s uncle and co-accused Mehul Choksi is pending consideration. The agencies have invoked criminal and money laundering charges against the accused.
The Red Notice not only restricts a fugitive’s movement in the 192 member-countries of the Interpol but also empowers enforcement agencies in the respective foreign jurisdictions to detain the person for deportation or extradition to the requesting country.
The ED has launched a probe under the Prevention of Money Laundering Act against the accused persons on the basis of FIRs registered by the CBI.
Both the agencies have filed initial chargesheets against Modi, who flew out of the country along with his family in the first week of January, and had requested the Interpol to issue Red Notice seeking his location and detention. His current whereabouts are not clear.
The ED has also moved the Mumbai Special Court seeking approval for sending a request to extradite him. While the application is expected to be sent to the U.K., the agency will write to other countries requesting cooperation in his arrest.
After the CBI registered the cases against him, Mr. Modi has visited the U.K. at least thrice. The CBI has written to the U.K., the U.S., the UAE, Belgium and Singapore several times. In response to a diffusion notice, the Interpol’s Manchester office had earlier informed the agency about his movements till March 31. As told to the CBI, Mr. Modi landed at London’s Heathrow airport from the U.S. on February 10.
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