The Interpol has issued a Red Corner Notice (RCN) against Nehal Modi, step brother of fugitive Nirav Modi on request of Enforcement Directorate (ED), to be able to interrogate him in Punjab National Bank (PNB) fraud case, reported The Indian Express.
ED had, last year, requested the Interpol to issue an RCN against Nehal Modi for allegedly helping his brother in covering up the scammed money. The Interpol had issued the notice on 5 July this year. However, the decision was made public on Friday (13 September).
A special court in Mumbai has also released two non-bailable warrants against him in the cases.
According to ED officials, it was Nehal Modi who played a major role in transporting Nirav Modi’s valuable assets to safe locations and destroying evidences, after latter was booked by CBI and ED for laundering at least Rs 13,600 crore from PNB.
He is also accused of shipping about 50 kg gold from Nirav Modi’s Dubai-based company - Firestar Diamond and Jewellery - and 150 boxes of pearls from Hong Kong to safe places.
He is also believed to be involved with some of the shell companies Nirav Modi had made to launder the loan money taken from the bank.
Challenging ED’s request of issuing a Red Corner Notice against him, he had told the Interpol commission that he would not receive a fair trial in India, if extradited. He also claimed his name was being dragged due to family connection and he was not involved with Nirav Modi’s businesses.
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