Mehul Choksi appeals Interpol against Red Corner Notice, Indian agencies counter objections

Earlier on Thursday, Interpol had issued an RCN against Mihir R Bhansali, a close confidante and senior executive of absconding billionaire jeweller Nirav Modi, in connection with the alleged USD 2 billion PNB money-laundering case.

Fugitive Diamantaire Mehul Choksi had appealed to Interpol against Red Corner Notice (RCN), which has not been issued yet.

New Delhi: In the latest development, Fugitive Diamantaire Mehul Choksi had appealed to Interpol against Red Corner Notice (RCN), which has not been issued yet. However, the Indian agencies have countered the objections raised by him. As per the report, the Interpol committee in Lyon, France will decide on the red corner notice in the month of October this year, said the sources. Earlier on Thursday, Interpol had issued an RCN against Mihir R Bhansali, a close confidante and senior executive of absconding billionaire jeweller Nirav Modi, in connection with the alleged USD 2 billion PNB money-laundering case, officials said Thursday. The notice, which acts as an international arrest warrant, states Bhansali (40) is required by Indian probe agencies on charges of "money laundering". The case pertains to cheating the state-run Punjab National Bank through the fraudulent issuance of Letters of Undertaking and Foreign Letters of Credit worth over USD 2 billion (about Rs 13,000 crore) by Nirav Modi and his uncle Mehul Choksi, both absconding since the first week of January. (With inputs from PTI)