INTERPOL Issues Diffusion Notice In PNB Fraud Case For Nirav Modi, Wife, Brother & Business Partner

| February 16 , 2018 , 10:50 IST

The International Criminal Police Organization (INTERPOL) has issued a diffusion Notice against famous jeweller Nirav Modi, his wife Ami Modi, brother Nishal Modi and business partner Mehul Choksi in connection with the $1.77 billion fraud with Punjab National Bank.  

The diffusion notice is used by the INTERPOL or its member nations to call for the arrest or location of an individual in relation to a police investigation. 

Termed as another 'Vijay Mallya', Nirav Modi left India even before his Rs 11,300 crore scam with Punjab National Bank came to light and raids were conducted on his residence and at his office premises.

Amidst reports that Modi was in Switzerland where he had earlier attended the Davos conference, sources say that he is currently in New York, located close to his luxury Madison Avenue jewellery retail store.

ALSO READ: Congress: If PMO Was In The Know Of The PNB Scam Why Did They Allow Nirav Modi To Escape?

Enforcement Directorate officials raiding Nirav Modi's home, offices and showrooms on Thursday in multiple cities seized gold, diamond and precious stones worth Rs 5,100 crore.

When the details of the extent of the fraud, nearly 7 times the profit earned by the nation's second-largest public bank, were made public earlier this week, it was found that Nirav Modi, along with his brother, wife and business partner Mehul Choksi had already left the country on January 1.

Punjab National Bank on January 29 filed a complaint to the CBI regarding a Rs 280 crore fraud, after which the CBI filed a formal FIR against Nirav Modi, his brother, wife and Mehul Choksi, issuing a look-out notice for all the 4 in the first week of February. On February 14, PNB disclosed that the scam was far bigger and that the bank was facing a fraud of Rs 11,300 crore.