Guwahati/ 9th April’2018 (Prag News Desk):
Mumbai’s special CBI court has issued two non-bailable warrants (NBWs) against billionaire diamantaire Nirav Modi and his uncle Mehul Choksi in connection with over $2 billion Punjab National Bank Fraud case, as confirmed by an official report.
The special court has given a thumbs up to the CBI to issue non-bailable warrants against Modi and Choksi who till now have been avoiding repeatedly, to take part in any form of interrogation citing business engagements and health issues.
Nirav Modi, who has been traced by the government, is in hiding in Hong Kong since he has been instigated for the multibillion dollar banking fraud. The issuance of the non bailable warrants also open doors for Interpol interrogation for both the accused and a possibility of red corner notices issuance might be on its way, if the accused do not comply with the rules and regulations of the Interpol.
Meanwhile, the CBI is questioning other officials of overseas along with the bank employees which has extended their help in facilitating loans and credit services to the companies owned by Modi and Choksi respectively, on the basis of fraudulent Letters Of Undertaking (LoUs) issued by the Punjab national Bank’s Brady House branch in Mumbai.