Interpol issues Red Corner Notice against Nirav Modi's brother Nehal Modi in Rs 14,000-cr PNB fraud case
According to media reports, the request to law enforcement agencies worldwide to locate and provisionally arrest Nehal Deepak Modi came from the Enforcement Directorate.
Antigua to revoke Mehul Choksi's citizenship: PM of Caribbean nation says he will be extradited to India after exhausting all legal options
Antigua and Barbuda has agreed to revoke the citizenship of economic offender Mehul Choksi, who is accused in the PNB scam along with nephew Nirav Modi.
PNB scam: Extradition process against absconding jeweller Mehul Choksi underway in Antigua; took citizenship last year
Mehul Choksi, who left India last year, is wanted by the CBI and ED, which are probing the PNB fraud case
PNB fraud: Nirav Modi's assets, valuables worth Rs 255 cr seized by Enforcement Directorate in Hong Kong
Earlier, on 30 September, the ED had attached assets worth Rs 637 crore of Modi and his family, including two apartments in New York’s iconic central park, as part of its fresh action in the $2 billion alleged bank fraud in the PNB.
The Fugitive Economic Offenders Act came into force from 31 July.
SEBI never gave clean chit report to enable Mehul Choksi to get Antigua citizenship, says senior official
Market regulator SEBI is continuing with its probe into alleged violation of capital market regulations by Mehul Choksi-Nirav Modi duo and their associates in connection with two listed firms- PNB and Gitanjali Gems
PNB fraud: Antigua gave Mehul Choksi citizenship post background checks and police clearance; setback to India's extradition attempt?
It would be difficult to revoke Choksi citizenship as it is possible for the government for it entails a legal process. Choksi is protected by the law in Antigua
Nirav Modi along with his uncle Mehul Choksi of the Gitanjali group are being probed in the fraud scam by the CBI and the Enforcement Directorate (ED).
Interpol issues Red Corner Notice against Nirav Modi: Fugitive diamantaire can be arrested by any member state now
The records the CBI provided to the Interpol included the non-bailable warrants issued by a Mumbai special court and the details of the charge sheets filed in the case etc.
PNB had alleged in January this year that its Mumbai branch had fraudulently issued LoU and FLC to Nirav Modi firms in connivance with deputy manager Gokulnath Shetty and other bank officials
Punjab National Bank moving to quickly resolve disputes with peer banks over fraud by end of month: Source
Bankers have said the fraud could lead to increased scrutiny of Indian banks operating overseas, and risks undermining foreign lenders’ trust in India’s banking sector if not tackled swiftly.
Regulators should have a "third eye" open to detect and check such frauds.
Nirav Modi, the now-infamous billionaire diamond king did not just use Punjab National Bank to money launder Rs 280 crore but also managed to get an additional Rs 3,000 crore from around 17 banks