In a major breakthrough in the bank fraud case against fugitive diamond trader Nirav Modi, the Interpol has on Friday issued a Red Corner Notice to his brother Nehal Modi. Nirav Modi is accused of fraudulent bank transactions allegedly of Rs 13,600 crore at the Punjab National Bank. Informing about the big development, sources told Republic TV that Nehal is a Belgium citizen and has been served notice alleging that he helped in Nirav Modi to get away from the country. He was also the Director of now defunct Nirav Modi's American diamond company in New York.
It was also informed that the Enforcement Directorate (ED) had requested the Interpol to issue a Red Notice against Nehal alleging that he helped him in the transactions.The ED statement against Nehal used the words 'knowingly'and 'intentionally' assited Nirav Modi in the money laundering. The ED had also alleged that it was Nehal who ensured a safe haven for Nirav after the PNB scam. The statement also claimed that Nehal had destroyed the dummy directors information. Nehal Modi is believed to be United States by the investigative agencies.
Fugitive diamantaire Nirav Modi on August 22 appeared before a UK court for his customary 28-day remand hearing on Thursday. The 48-year-old is likely to be informed of the dates for his trial on the extradition charges brought by the Indian government, being represented at Westminster Magistrates' Court in London by the UK's Crown Prosecution Service (CPS). Nirav Modi has been lodged at Wandsworth prison in south-west London since his arrest in March on an extradition warrant executed by Scotland Yard. Chief Magistrate Emma Arbuthnot had presided over the last remand hearing at the court via videolink from the prison where Nirav Modi is being held, during which she had indicated that the dates for an estimated five-day trial would be mutually agreed by both sides soon.
The Enforcement Directorate last month had attached immovable properties worth crores of fugitive diamantaire Mehul Choksi in connection with the PNB scam. The ED had then attached Rs 24.77 crores worth properties of Mehul Choksi, who is the uncle of PNB scam accused Nirav Modi. The Rs 24.77 crores worth attachments of Choksi include 3 commercial properties in Dubai, one Mercedes Benz, valuables and Fixed Deposit Accounts under the name of the scamster. This development came days after the Government of Antigua stated that Choksi's citizenship will be revoked and he will be repatriated to India. Mehul Choksi has been in Antigua and Barbuda after he was granted citizenship of the Island nation on January 15, 2018. He has been living in this country since 2018 after fleeing from India. A Red Notice has been issued against Choksi by the Government of Antigua on the request of ED.