Interpol issues notice against Nirav Modi’s sister for ‘swindling’ $133 million

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September 11 2018

Interpol has issued a red corner notice (RCN) against Purvi Modi, sister of fugitive diamond trader Nirav Modi, for her arrest in the Rs 13,500 crore Punjab National Bank swindle. The RCN has been issued on a request made by the Enforcement Directorate (ED ) which has registered a money laundering case against her, besides other accused.

Purvi, a Belgian national, has been accused by ED as a beneficiary of the scam, responsible for laundering at least $133 million (nearly Rs 1,000 crore) from the proceeds of the PNB swindle. “She is owner and director of several shell and investment companies formed solely for the purpose to launder the proceeds of crime,” a source in the investigative agency claimed.