Interpol said on Monday that it had issued a red notice for the arrest of Indian billionaire Nirav Modi. The jeweler, believed to be connected to a major bank scam, is believed to have fled last month to the UK, where he reportedly claimed asylum.
The notice, which essentially works as an international arrest warrant, means that the jeweller can be arrested by police in any of the Interpol’s 192 member nations.
Once arrested, India will be able to seek Modi’s extradition. That success of that process will depend on the relationship and treaties that India has with the country in which Modi is arrested.
Red-corner notices have also been issued against Modi’s brother Nishal and Subhash Parab, an executive in one of Modi’s companies.
Modi, along with his associates, is accused of defrauding PNB of around Rs 13,000 crore. Modi fraudulently used a banking instrument that is used to raise funds oversees to carry out his scam.
The CBI had approached Interpol last month seeking issuance of red corner notice against Nirav. The notice empowers police or agencies of 190 member-countries to locate and arrest the person against whom it is issued.
