CBI moves extradition request against Nirav Modi’s brother Nishal Modi

By: |
New Delhi | Published: September 10, 2018 6:52:28 PM

The CBI has moved an extradition request to bring back Nishal Modi, the brother of fugitive billionaire Nirav Modi who is accused in USD 2-billion banking fraud case in Punjab National Bank, officials said Monday.

punjab national bank scam, Nishal Modi, Home Ministry, CBI, Nirav ModiNishal Modi, a Belgian national, is already facing an Interpol Red Corner Notice issued on the request of the CBI, they said.

The CBI has moved an extradition request to bring back Nishal Modi, the brother of fugitive billionaire Nirav Modi who is accused in USD 2-billion banking fraud case in Punjab National Bank, officials said Monday. The request was sent to the Home Ministry on Friday. The Home Minister will send it to Belgium, where Nishal Modi is believed to be holding up, through the External Affairs Ministry, they said.

Nishal Modi, a Belgian national, is already facing an Interpol Red Corner Notice issued on the request of the CBI, they said. India has extradition treaty with Belgium, they said. It is alleged that he created dummy partners and was beneficiary of funds siphoned off from Punjab National Bank, they said.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Why is Bharat Bandh today and who all are participating?
2WHC 2018: Some people trying to make word Hindu ‘untouchable, ‘intolerable’, says M Venkaiah Naidu
3Missing HDFC Bank employee case: No arrest made in disappearance of 39-year-old Siddharth Sanghavi, says Mumbai Police