Interpol issues Red Corner Notice against fugitive diamond merchant Nirav Modi’s wife

BusinessInterpol issues Red Corner Notice against fugitive diamond merchant Nirav Modi’s wife

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Interpol issues Red Corner Notice against fugitive diamond merchant Nirav Modi’s wife

New Delhi: A Red Corner Notice has been issued by the Interpol to fugitive diamond merchant Nirav Modi’s wife Amy Modi on Tuesday.

The notice has been issued in connection with a money laundering case registered against her in India.

Nirav Modi along with his uncle Mehul Choksi are being investigated by the ED and the CBI after it was detected that they allegedly cheated Punjab National Bank of more than Rs 13,400 crore with the purported involvement of a few of its employees.

The 48-year-old Nirav Modi was arrested from London in United Kingdom last year and is fighting an extradition to India.

Modi is currently lodged at Wandsworth Prison in London.

His uncle Mehul Choksi has taken the citizenship of Island of Antigua and has cited health reason for not returning to India.

A Red Corner Notice is an international arrest warrant and initiates the extradition process of the accused.

Similar notice has already been served against prime accused Nirav Modi along with his brother Nehal and his sister Purvi.

The charges against the diamond merchant centre around his firms Diamonds R Us, Solar Exports and Stellar Diamonds making fraudulent use of a credit facility offered by the Punjab National Bank (PNB), known as “letters of undertaking” (LoUs).

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