The Interpol has issued a Red Corner Notice (RCN) against Nirav Modi’s brother Nehal Modi for money laundering in the PNB scam case.
Following Enforcement Directorate’s request earlier this year, the Interpol has issued a Red Corner Notice (RCN) against fugitive businessman Nirav Modi’s brother Nehal Modi. The global arrest warrant has been issued against Nehal for his alleged role in money laundering in the USD 2 billion PNB scam case, officials averred on Friday.
According to the Red Corner Notice, Nehal Modi is a Belgian national who speaks languages such as English, Gujarati, and Hindi. The ED had earlier named Nehal in the charge sheet and charged him for destruction of evidence in the PNB scam case.
Nirav Modi and his uncle Mehul Choksi are the alleged perpetrators of the contentious bank fraud that came to the notice of the authorities last year. The duo allegedly scammed Punjab National Bank of Rs 14,000 crore.
A London court had earlier indicated that the fugitive businessman might be relying on his brother Nehal to do his “dirty work”. “There does seem to be luring away of witnesses and some pressure that took witnesses away from India,” Chief Magistrate Emma Arbuthnot had stated in May while hearing a case regarding his extradition to India.
Earlier this year, the Enforcement Directorate (ED) had asked the Interpol to issue a Red Notice against Nehal Modi for his role in the scam case. The ED had found that Nehal had “knowingly and intentionally” assisted Nirav the alleged money laundering and “destroying evidence”. The ED further added that after the crisis (Rs 13,600 crore scam at Punjab National Bank), Nehal Modi, brother of Mr Nirav Modi destroyed all the cell phones of all dummy directors in Dubai and Hong Kong and arranged for their tickets to Cairo — a safe heaven”.
