Interpol has issued a Red Corner Notice against jeweller Mehul Choksi in response to the Central Bureau of Investigation’s continued requests. Choksi is wanted in connection to the Punjab National Bank fraud case.
Nirav Modi does not want to return to India to stand trial as he fears a mob lynching, the accused jewellery tycoon’s lawyer Vijay Agarwal told the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED).
The Enforcement Directorate (ED) may name fugitive jeweller Nirav Modi’s wife Ami Modi in the alleged case of fraud at the Punjab National Bank (PNB) for the first time since beginning its investigation.
The Enforcement Directorate (ED) uncovered a plan by the fugitive jeweller Nirav Modi to dispose of diamonds and pearls worth Rs 22.7 crore ($3.4 million) in Hong Kong and the stones have now been returned to India.
The Prevention for Money Laundering Act (PMLA) authority has asserted that the 41 properties that the Enforcement Directorate (ED) has attached to the case against jeweller Mehul Choksi are money laundering assets.
The CBI announced on August 20 that it has sent an official extradition request to authorities in the UK requesting that the jewellery tycoon Nirav Modi be transported to India after his presence there was confirmed.
It has been confirmed by Antiguan authorities that the jewellery tycoon Mehul Choksi has taken citizenship of the country and is currently residing there after fleeing India before news of the scandal broke.
Interpol has issued a red notice request to find and arrest fugitive Indian billionaire jeweller Nirav Modi, who is at the heart of a $2 billion-plus bank fraud case, the international agency said on its website.