In what is being interpreted as "relief" to Central agencies like the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI), the Interpol finally issued the Red Corner Notice against fugitive diamantaire Nirav Modi. The allegations against Modi are that the companies linked to the jeweller and his relatives received credit worth close to $1.8 billion between 2011 and 2017 using false guarantees supplied by two bank officials. The scam involving Punjab National Bank is probably country's largest ever bank fraud.
The notice was issued on 29 June but has been made public on Monday by the International police cooperation agency, the sources said, adding that it will make unhindered movement of Modi across borders difficult and might lead to his arrest. The CBI had tried to track the movements of Modi through a diffusion notice issued through the Interpol on 15 February, but it had limited success as only the United Kingdom responded to the CBI request, they said. Modi also managed to travel across several countries even after information about his passport being revoked by the Indian government was flashed in the Interpol central database on February 24, the CBI had earlier said.
"After the passport was revoked/cancelled by the external affairs ministry, we had updated this information in the diffusion notice. The information that Modi's passport has been revoked was provided in the Interpol central database, available to all the member countries, on 24 February," CBI spokesperson Abhishek Dayal had said. As soon as the news broke, several reports claimed that the agencies can "any moment" have Modi in their net. Well, that is not completely true as there is only so much that an Interpol-issued RCN can do and ensuring arrest of the fugitive isn't one of them.
Tags : #NiravModi #Economic #Fugitive #London #Interpol #CBI #ED