The Interpol has issued a Red Notice against Ami Modi, wife of the Punjab National Bank fraud case prime accused Nirav Modi, in connection with the money-laundering probe being conducted by the Enforcement Directorate.
Mr. Modi had left India along with his wife and other family members in the first week of January 2018, shortly before the CBI registered FIRs against them.
The ED probe has revealed the alleged role of Ms. Ami Modi, a U.S. citizen, in the laundering of funds generated through diversion of loans extended by the bank.
According to the agency, she along with her children is the beneficiary of The Ithaca Trust, through which two apartments worth $29.99 million were acquired at the Central Park area of New York.
Settler of the trust is Mr. Modi’s sister Purvi, a Belgian citizen. A Red Notice is also pending against her.
Mr. Modi is lodged in a United Kingdom jail and faces extradition proceedings. A special Mumbai court had earlier declared him a fugitive economic offender.
In June, the court ordered confiscation of his assets under the Fugitive Economic Offenders Act. His two brothers, uncle Mehul Choksi, who took citizenship of Antigua, and several close associates are also wanted in the case involving ₹13,578 crore.
