Interpol issues arrest warrant for billionaire Indian diamond merchant Nirav Modi
Nirav Modi is accused of being at the centre of a US$1.8 billion fraud involving India’s second largest public lender, the Punjab National Bank (PNB)
Interpol on Monday issued an arrest warrant for India’s billionaire diamond merchant Nirav Modi, tightening the noose on one of the main suspects in a US$1.8 billion fraud at a major state-run bank.
Modi, thought to be in London, is a jeweller to the stars whose celebrity clients have included Naomi Watts and Kate Winslet.
His eponymous high-end brand has stores in several of the world’s major cities, including Hong Kong.
A red corner notice seeks the arrest or provisional arrest of wanted persons with a view to extradition.
“Interpol cannot compel any member country to arrest an individual who is the subject of a red notice,” it says on its website.