New Delhi: After filing charge sheet against diamond merchants Nirav Modi and his uncle Mehul Choksi in the Punjab National Bank fraud case, the Central Bureau of Investigation (CBI) is all set to approach Interpol for issuing a red corner notice against him.
The CBI, in its charge sheet filed last week, alleged that Modi, through his companies, siphoned off funds to the tune of Rs 6,498.20 crore using fraudulent LoUs issued from PNB’s Brady House branch in Mumbai.
Choksi swindled Rs 7080.86 crore, making it possibly the biggest banking scam in the country, it alleged.
Modi along with his wife Ami, a US citizen, brother Nishal a Belgian, and uncle Choksi, Gitanjali group’s promoter, had fled the country before the bank approached the CBI with a complaint against his companies for allegedly cheating through the fraudulent issuance of Letters of Undertakings and Foreign Letters of Credit.
The agency recently chargesheeted both Modi and Choksi separately in the scam and will now approach the Interpol for a Red Corner Notice aimed at bringing them back for facing trial in the cases against them, the sources said.
The PNB had approached the CBI with a complaint on the basis of which the agency had registered an FIR against Modi.
The agency had immediately issued a diffusion notice with the Interpol to track Modi and Choksi but their whereabouts remain unknown, the sources said.
They said the Red Corner Notice will allow enforcement agencies of the member countries of Interpol to try to find and arrest them in their respective countries.
An additional loan default of over Rs 5,000 crore to Choksi’s companies is also a matter of probe under the CBI.