Business Standard

Lookout notice issued - after Nirav escaped

Topics
Law Crime

IANS  |  New Delhi 

A lookout notice was issued by the CBI against jeweller Nirav Modi and his associates last month in the banking fraud case but by then they had escaped from India, CBI sources said on Thursday.

According to the sources, a Look Out Circular was issued against Modi along with his wife Ami, brother Nishal Modi and Mehul Choksi in the Punjab National Bank (PNB) fraud case on January 31.

The circular was issued to all airports, ports and exit points to stop them from escaping. However, according to the sources, Modi and his associates fled the country before the notices were issued.

While Nirav and his brother Nishal left India on January 1, his wife Ami, a US citizen, and Choksi left on January 6, all before the CBI received a complaint from the PNB on January 29.

The source added that around 150 Letters of Understanding were issued to Nirav Modi's firms by the PNB. In course of the probe, the CBI has finished imaging computers seized during searches at Modi's properties on February 3, 4 and 21.

--IANS

rak-ao/qd/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, February 15 2018. 19:52 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU