Nirav Modi
Central Bureau of Investigation (CBI) on Monday moved an extradition request to bring back Nishal Modi, the brother of fugitive billionaire Nirav Modi, who is accused in USD 2-billion banking fraud case in Punjab National Bank.
Officials said the request was sent to the Home Ministry on Friday. The Home Minister will send it to Belgium, where Nishal Modi is believed to be holding up, through the External Affairs Ministry.
Nishal Modi, a Belgian national, is already facing an Interpol Red Corner Notice issued on the request of the CBI, they said.
India has extradition treaty with Belgium, they said.
It is alleged that he created dummy partners and was beneficiary of funds siphoned off from Punjab National Bank, they said.
