• search

PNB fraud case: Special PMLA court issues non bailable warrant against Nirav Modi

By Vikas
Subscribe to Oneindia News
For Quick Alerts
Subscribe Now
For Quick Alerts
ALLOW NOTIFICATIONS
For Daily Alerts

    The special PMLA court in Mumbai issued a non-bailable warrant (NBW) against fugitive diamantaire Nirav Modi in connection with the Punjab National Bank loan default case. Nirav Modi and his family left India in January before the CBI and ED started investigating him and his uncle Mehul Choksi for swindling PNB of more than Rs 13,000 crore through their companies using fraudulent LoUs. 

    Nirav Modi

    Earlier today, it emerged that Nirav Modi had fled to the United Kingdom and was said to be seeking political asylum. The Financial Times while quoting British and Indian officials said the PNB fraud accused is currently in the UK.

    The FT reported that Modi is in London to claim asylum from what he calls as political persecution. The report while citing officials from the Ministry of External Affairs said that they were waiting for the law enforcement agencies to approach them before seeking extradition. 

    Meanwhile, the Central Bureau of Investigation (CBI) has approached the Interpol seeking red corner notices (RCN) against Nirav Modi and his uncle Mehul Choksi.

    [Nirav Modi flees to London, seeks political asylum]

    The centre is already seeking extradition of Vijay Mallya who is also in the UK.The police filed charges against several persons in May including Modi and his uncle Mehul Choksi. Both have denied any wrongdoing. Last month several executives of the ban were named in the chargesheet. They were charged with misleading the RBI in 2016.

    For Breaking News from Oneindia
    Get instant news updates throughout the day.

    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more