The case pertains to cheating the state-run Punjab National Bank through fraudulent issuance of Letters of Undertaking and Foreign Letters of Credit worth about Rs 13,000 crore by Nirav Modi and his uncle Mehul Choksi. Photo: Aniruddha Chowdhury/Mint
The case pertains to cheating the state-run Punjab National Bank through fraudulent issuance of Letters of Undertaking and Foreign Letters of Credit worth about Rs 13,000 crore by Nirav Modi and his uncle Mehul Choksi. Photo: Aniruddha Chowdhury/Mint

PNB fraud case: Interpol issues red notice against Nirav Modi’s sister

The red corner notice, which acts as an international arrest warrant, states that Purvi Deepak Modi, 44, is required on charges of 'money laundering'

New Delhi: Interpol has issued a red corner notice against Purvi Modi, a Belgian national and sister of absconding billionaire jeweller Nirav Modi, in connection with the alleged about 13,000 crore PNB money laundering case, officials said Monday.

The notice, which acts as an international arrest warrant, states that Purvi Deepak Modi, 44, is required on charges of “money laundering". The red corner notice against her was requested by the Enforcement Directorate (ED), officials said. The ED wants her to join investigations, they added.

It named her in its first charge sheet in the case in March and charged her with laundering the alleged proceeds of crime generated by defrauding the Brady House branch of Punjab National Bank (PNB) in Mumbai. According to the Interpol notice, Purvi speaks English, Gujarati and Hindi and is a Belgian national.

Once a red corner notice is issued against a fugitive, Interpol asks its 192 member countries to arrest or detain the person if spotted in their countries, after which extradition or deportation proceedings can begin. A similar Interpol notice was recently issued against Mihir R Bhansali, a top executive of Nirav Modi’s US business concern, on charges of money laundering.

A similar notice was issued against Nirav Modi some time ago as part of a joint probe by the ED and the CBI in the case.

The case pertains to cheating the state-run Punjab National Bank through fraudulent issuance of Letters of Undertaking and Foreign Letters of Credit worth about 13,000 crore by Nirav Modi and his uncle Mehul Choksi, both absconding since the first week of January.

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