CBI asked Interpol to arrest billionaire jeweller Nirav Modi

Vastavam web: The Central Bureau of Investigation has asked Interpol to help locate and arrest billionaire jeweller Nirav Modi, who is at the heart of a $2-billion-plus bank fraud case, a CBI source said on Monday. Punjab National Bank, India’s second-largest state-run bank, said earlier in 2018 that two jewellery groups headed by Modi and his uncle Mehul Choksi had defrauded it of about $2.2 billion by raising credit from other Indian banks using illegal guarantees issued by rogue PNB staff.

Modi and Choksi, who have both denied wrongdoing, left India before the details emerged and their whereabouts is unknown. Their passports have since been revoked.