Home News Reports Interpol issues Red Corner Notice against Nirav Modi in connection with the PNB scam

Interpol issues Red Corner Notice against Nirav Modi in connection with the PNB scam

The Nirav Modi scam rocked the nation in February 2018. The scam that amounted to Rs. 11,000 crores worth had left the Congress red-faced when news emerged that this scam too, that they had been blaming the Modi government for, had squarely landed on their doorstep.

As per the reports, 2 of the bank staffers were involved in this fraudulent activity. Firstly they would issue the LOU’s from their branch but never made relevant entries in the Bank accounting systems. Moreover, it is alleged that Nirav Modi’s entities did not have credit facilities with PNB which entailed them access to LOU’s. So it can be said that these LOU’s were off-balance sheet items.

After this, the Complaint filed by PNB with the Central Bureau of Investigation, also alleges that the staffers sent SWIFT messages to foreign bankers and completely bypassed the Core Banking System/software. Foreign bankers trusting the SWIFT instructions and LOU’s extended credit and transactions were happening all this while. As per further reports, the total value of such transactions is well over INR 11000 crores.

- Advertisement - - article resumes -

Now, as reported by ANI, The International Criminal Police Organization more commonly known as Interpol has issued a red corner notice against the absconding Nirav Modi in connection with the Punjab National Bank Scam.

Image via ANI

The notice mentions that Nirav Modi is wanted by Indian Judicial Authorities on Money Laundering charges and if anyone has information on him, they should contact the General Secretariat of Interpol.

Interpol Notices are international requests for cooperation or alerts allowing police in member countries to share critical crime-related information.

According to Interpol, in the case of Red Notices, the persons concerned are wanted by national jurisdictions for prosecution or to serve a sentence based on an arrest warrant or court decision. Interpol’s role is to assist the national police forces in identifying and locating these persons with a view to their arrest and extradition or similar lawful action.

The Modi government has been in relentless pursuit of Nirav Modi. Attempts are also on by the Enforcement Directorate to seize his assets under the provisions of Fugitive Economic Offender’s Ordinance.

Help Us Reach Every Indian, Please Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Advertisement

Big Story

80 doctors at the RG Kar Medical College and Hospital in Kolkata have resigned demanding an apology from the Chief Minister for her remarks.

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

Even as 700 doctors resign, TMC leader Abu Taher Khan Chaudhury accused of threatening doctors with rape and murder

There are videos circulating on social media which purportedly show the Trinamool MP from Murshidabad, Abu Taher Khan threatening the doctors at the institution. The politician, however, has denied all allegations.
Order to demolish and remove cross

Village officer issues order to demolish and remove crosses planted by Church on encroached land near Sabarimala

Crosses have been planted on the sacred lands of Panchalimedu, believed to be a place inhabited by Pandavas during the 12 years of exile.
NDTV's takes journalism to new heights by asking Rahul Gandhi how did he like his samosa

Rahul Gandhi got conned by his own men: Report says ‘Big Data’ head Praveen Chakravarty billed Congress 24 crores and is now absconding

A day prior to election results, Rahul Gandhi had reportedly even contacted UPA allies and offered to accommodate them in the cabinet.

Pakistani pop singer wanted a Dutch MP killed for blasphemy, this is where she learnt bigotry from

The irony of all this is that Tablighi Jamaat promotes segregation and believes that women should stay at home

A dystopian future where Hindu nationalists take over: Social media reacts to Netflix’s latest Hinduphobic show ‘Leila’

After Ghoul and Sacred Games, Leila is the third show on Netflix that demonizes Hindus.

Mamata didi, we upheld our Hippocratic oath during trying times, you failed the allegiance you swore to the Constitution

The Bengal Health Crisis has escalated to immense proportions. With Doctors across the state submitting their resignations, Mamata Banerjee has a severe crisis on her hands.
Bishop Ezra Sargunam

Meet the controversial anti-Hindu evangelist, Bishop Ezra Sargunam, who wanted to punch Hindus in the face

The Bishop urges the group to take up the challenge and spread the word that there is no such thing as Hindu religion. If at all anyone does oppose to this, the Bishop without hesitation asked the group to punch them in the face and make sure they bleed.

Demographic impact of Christian Missionaries: India needs the equivalent of Russia’s Yarovaya law

Christian Missionaries are still aggressively targeting the economically deprived section of India’s population and rapidly converting them into Christianity with a mission to increase the number of “believers”.

The Islamic onslaught in West Bengal: A saga that started long before the current state regime made it worse

The Islamisation of Bengal has been a slow and steady process, repetitive governments have chosen to ignore their rising population, rather using the community as a vote bank.

Corrupt businessmen and Islamists try to get Modi ‘arrested’ ahead of BRICS, read how they failed

The businessmen are the ones who helped President Zuma in his corruption
Subscribe to Day's Top Stories
- Advertisment -

Latest articles

Connect with us

170,264FansLike
149,189FollowersFollow
69,716SubscribersSubscribe
Help Us Reach Every Indian, Please Share This Post