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The RCN request, which has been sent recently, will empower police agencies of 190 member-countries to locate and arrest Nirav Modi and Choksi. Interpol will take a call on CBI’s request soon, said sources.
The development comes even as UK’s minister of state for countering extremism – Baroness Williams is learnt to have assured MoS for home Kiren Rijiju “full cooperation” in the extradition of Vijay Mallya, Nirav Modi and others from London.
The UK authorities are learnt to have confirmed to Indian authorities about presence of Nirav Modi there.
TOI, quoting Indian high commission officials in London, had first reported on May 14 that Nirav Modi was living in London.
Meanwhile, investigating agency CBI claimed that it is yet to get any confirmation about Nirav Modi’s location.
Nirav Modi along with his wife Ami — a US citizen, brother Nishal — a Belgian, and uncle Choksi — Gitanjali group’s promoter, had fled the country in January first week this year, before the PNB approached CBI with a complaint against his companies for allegedly cheating through fraudulent issuance of Letters of Undertakings (LoUs) and Foreign Letters of Credit (FLCs).
CBI recently charged both Nirav Modi and Choksi separately.
The CBI, in its chargesheets filed last month, alleged that Nirav, 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.
An additional loan default of over Rs 5,000 crore to Choksi’s companies is also a matter of probe under the CBI.
Nirav Modi and Choksi, through their companies, availed credit from overseas branches of Indian banks using the fraudulent guarantees of the PNB given through LoUs and letters of credit which were not repaid bringing the liability on the state-run bank, CBI officials said.
An LoU is a guarantee given by an issuing bank to Indian banks having branches abroad to grant short-term credit to the applicant.
The instructions for transferring the funds were allegedly issued by a bank employee, Gokulnath Shetty, using an international messaging system for banking called SWIFT platform and without making their subsequent entries in the PNB’s internal banking software, thus bypassing scrutiny in the bank.
Former MD of PNB Usha Ananthasubramanian has also named by CBI in its chargesheet in the scam.