Heena Sharma Blog

The Interpol has issued a Red Corner Notice (RCN) against Nehal Modi, brother of Nirav Modi, the main accused in the $2 billion PNB scam case , officials said on Friday. They said the global arrest warrant against the Belgian national Nehal, 40, has been issued on charges of alleged money laundering that is being probed by the Enforcement Directorate. Nehal Deepak Modi was born in Antwerp, Belgium and he knows languages such as English, Gujarati and Hindi, according to the RCN. Nehal has been named in the charge sheet filed by the ED in this case and he has been charged with destruction of evidence. Nirav Modi and his uncle Mehul Choksi are alleged to be the main perpetrators of India's biggest bank fraud that came to the fore last year. The Punjab National Bank is stated to be duped of nearly Rs 14,000 crore in this scam. Read More Article Source -> Business Standard

Fugitive diamantaire Nirav Modi was on Wednesday arrested by the police two days after a London court issued an arrest warrant against him. He will be produced before the court today, according to TV reports. Nirav Modi is the main accused in the $2-billion Punjab National Bank (PNB) scam case. Earlier, CBI sources had told news agency PTI an extradition request has been sent to the United Kingdom through the External Affairs ministry. Nirav Modi has fled after allegedly siphoning off about Rs 13,0000 crore from Punjab National Bank using Letters of Undertaking in collusion with his uncle Mehul Choski. The 48-year old Nirav Modi was recently spotted in a tony neighbourhood of London wearing a 10,000 Pound Ostrich hide jacket by the London-based newspaper The Telegraph. On Tuesday also, several Indian channels spotted him in the area. After fleeing from the country in the first week of January last year, he was seen in a Press Information Bureau group photograph of CEOs...