Interpol issues a global wanted persons’ notice for Mrs. Ami Modi, wife of prime accused of USD 2 billion PNB Fraud case, Mr. Nirav Modi on charges of money laundering, officials said on Tuesday, 25 August 2020. It is stated that she left the country soon after the alleged bank fraud case came into light in the year 2018. The said Notice is a request to law enforcement worldwide to locate and provisionally arrest the person who is pending extradition, surrender, or similar legal action[i] by the Enforcement Directorate of India (ED).
The ED has charged Mrs. Modi for conspiring and money laundering[ii] with her husband under Section 3 of the Prevention of Money Laundering Act. 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. Similar Interpol notices have been served to Nirav Modi’s younger sister Purvi Modi who is the settler of this Trust.
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 Section 12(2) of the Fugitive Economic Offenders Act.
[i] https://www.interpol.int/en/How-we-work/Notices/Red-Notices
[ii]https://enforcementdirectorate.gov.in/PreventionOfMoneyLaunderingAct2002.pdf?p1=117211488412800032
