February 16, 2018
Internationally-known Jewellery designer, Nirav Modi, was booked by Central Bureau of Investigation (CBI) for his involvement in fraudulent transactions worth Rs 11,400 crore, as per a complaint by Punjab National Bank (PNB) on February 5, 2018.
Modi has been given six months to return the money and is under the scanner of Enforcement Directorate (ED) and CBI ever since his connection in PNB fraud case was revealed.
After the CBI’s intervention and PNB’s complaint, it was observed that Nirav Modi and his family suddenly dispersed around the world.
Here’s how his entire family escaped:
Nirav left for Dubai on January 1, 2018, from Mumbai.
Nishal Modi also left the same day but to a different location, Brussels.
Mehul Choksi left for Dubai but on a different date, i.e., on January 4, 2018.
Ami Modi, Nirav’s wife, left for Zurich on January 6, 2018.
After the entire family swiftly escaped around the globe, Nirav Modi was spotted with PM Modi in Davos as well. CBI has now intervened and sent Interpol’s diffusion notice against all of them around the world.
What is a diffusion notice?
A diffusion notice is another request for cooperation or alert mechanism known as a ‘diffusion’. This is less formal than a notice but is also used to request the arrest or location of an individual or additional information in relation to a police investigation. A diffusion is circulated directly by an NCB to the member countries of their choice, or to the entire Interpol membership and is simultaneously recorded in Interpol’s Information System.
How did the diamond businessman fall into the law’s hands?
Modi was born in Belgium’s Antwerp and belonged to a family of diamond merchants since the beginning. He started his diamond business after moving to the US and has stores in New York, Las Vegas, Mumbai, and Delhi. Many Hollywood celebrities have worn his designs during red carpet events as well.
The very first time that his name came up was when Income Tax officials conducted multiple raids on his properties, I-T sleuths searched his offices in Delhi, Surat, and Jaipur on January 31, two days after the PNB sent a written complaint to the CBI in the fraud case.