fbpx
  • Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.
No Result
View All Result
  • Login
The Edge Media
Thursday, March 30, 2023
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
No Result
View All Result
The Edge Media
No Result
View All Result
Home Business Edge

PNB fraud case: Interpol notice against Nirav Modi’s brother put up for public viewing again

The Edge Media by The Edge Media
3 years ago
in Business Edge, Main Story, World Edge
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on LinkedInShare via TelegramSend To WhatsApp

The Interpol has placed the Red Corner Notice against fugitive diamantaire Nirav Modi’s brother Nehal in public view again, after he recently lost an appeal against its issuance by the international police cooperation body last year, on the request of Indian agencies, officials said. A Belgian citizen, Nehal Deepak Modi is wanted by the Central Bureau of Investigation (CBI) in a case of alleged fraud committed by his elder brother, Nirav, in the Punjab National Bank (PNB), they added. Nehal Modi’s name figured as the accused number 27 in the supplementary chargesheet filed by the CBI, which charged him for destroying evidence in Dubai to cover the tracks of the alleged crime, the officials said.

Based on a request from Indian agencies, the Interpol had issued a Red Corner Notice (RCN) against Nehal Modi and put it up for public viewing to enable gathering of information about him. RCN is a request to law-enforcement agencies worldwide to locate and provisionally arrest a person pending extradition, surrender or similar legal action.
Nehal Modi challenged it before the Commission for Control of Interpol’s Files (CCF), an independent body that ensures that all personal data processed through Interpol’s channels conforms to the rules of the organisation.
Any individual can approach it with a request for deletion or correction of information held in the Interpol Information System.

The CCF had sought clarifications on Nehal Modi’s arguments from the CBI, which provided a strong counter-argument against his plea. After going through the exhaustive response filed by the agency, which keenly followed up the matter, the CCF rejected Nehal Modi’s plea recently and theN was again put in public domain, the officials added.

In its chargesheet, the central agency has alleged that Nehal Modi had threatened the directors of Dubai-based shell companies, used by Nirav Modi to show fair businesses, to prevent them from joining investigations. It is alleged that he forcibly shifted them from Dubai to Cairo, after destroying their mobile phones, laptops and the server to cover the tracks.

These persons, employees of Nirav Modi Group companies, were forced to sign certain documents to show that they were the real owners of those companies in Dubai and Hong Kong, which were shown as engaged in export and import with the three accused firms — Diamonds R US, Solar Exports and Stellar Diamond — all controlled by Nirav Modi, the CBI has alleged.

The three companies benefitted from the buyer’s credit obtained from overseas banks on the strength of Letters of Undertaking (LoUs) fraudulently issued from Mumbai’s Brady House branch of the PNB, in connivance with bank officials.

-PTI

Previous Post

2436 new cases in Maharashtra; coronavirus has higher transmission rate among close contacts, as per ICMR

Next Post

COVID-19 cases in Odisha rise to 1,517; death toll in Jammu and Kashmir touches 24

Related News

PM Modi said in Tokyo that Japan has played an essential role in India's growth

PM Modi said in Tokyo that Japan has played an essential role in India’s growth

by The Edge Media
May 23, 2022
0

Prime Minister Modi met with Japanese business leaders in Tokyo on Monday. India will work for an inclusive and flexible...

Ahead to the Quad Summit, the US announces an unconventional trade agreement

Ahead to the Quad Summit, the US announces an unconventional trade agreement

by The Edge Media
May 23, 2022
0

It is not a “traditional trade deal”, but a “new model of economic arrangement that will set the terms and...

Admission to madrassas is a "rights violation," according to Assam's chief minister

Admission to madrassas is a “rights violation,” according to Assam’s chief minister

by The Edge Media
May 23, 2022
0

Assam chief minister Himanta Biswa Sarma has stated that children will not be allowed to consider careers as doctors or...

Oxfam At Davos: It's Time to Tax The Rich | Covid Made A Billionaire Every 30 Hours

Oxfam At Davos: It’s Time to Tax The Rich | Covid Made A Billionaire Every 30 Hours

by The Edge Media
May 23, 2022
0

As the Davos conference resumes, Oxfam warned that the Covid pandemic has created a new billionaire every 30 hours and...

Petrol, Diesel prices: Mumbai’s fuel prices are decreasing

by The Edge Media
May 23, 2022
0

After Finance Minister Nirmala Sitharaman announced drop-in excise duty on petrol of 8 rupees per litre and diesel of 6...

BKU split: Senior leader splits with Tikait brothers to launch 'apolitical' farmer outfit

BKU split: Senior leader splits with Tikait brothers to launch ‘apolitical’ farmer outfit

by The Edge Media
May 15, 2022
0

On the death anniversary of its founder president Mahendra Singh Tikait on Sunday, schisms within the Bhartiya Kisan Union (BKU)...

Discussion about this post

Recommended

Centre caps prices for vaccines

2 years ago

Tokyo Olympics : Rani Rampal to lead women’s hockey team.

2 years ago

Popular News

    • Hindi
    • Heritage Edge
    • Sports Edge
    • Wildlife Edge
    SHARP. BITTER. NEUTRAL.

    © 2021 The Edge Media All Rights Reserved.

    No Result
    View All Result
    • Home
    • National Edge
    • State Edge
    • Political Edge
    • World Edge
    • Entertainment Edge
    • Business Edge
    • Sports Edge

    © 2021 The Edge Media All Rights Reserved.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In