New Delhi: Subhash Shankar, who is close aide of Nirav Modi has been brought to Mumbai by CBI team from Cairo city of Egypt, in connection with the multi-crore Punjab National Bank (PNB) scam worth Rs 13,578 crores, news agency reported quoting CBI sources. This was a major operation by CBI officials investigating Nirav Modi in connection with the case.
Subhash Shankar, who is close aide of Nirav Modi has been brought to Mumbai by CBI team from Cairo city of Egypt, in connection with the multi-crore Punjab National Bank (PNB) scam worth Rs 13,578 crores: CBI sources
— ANI (@ANI) April 12, 2022
Parab was the Deputy General Manager (Finance) in Firestar Diamond. Parab, who was allegedly hiding in Cairo, landed in Mumbai early on Tuesday after “deportation”, they said.
Nirav Modi’s aide Subhash Shankar extradited from Egypt
The CBI has been working on the bank fraud case for a long time and was trying to extradite Shankar to the country. Officials sources say, he is expected to reveal a lot more evidence in the case. The CBI will get be given Shankar’s custody today.
In 2018, the Interpol had issued a Red Corner Notice against Nirav, his brother Nishal Modi and his employee Subhash Parab on the request of the CBI, probing over USD 2 billion PNB scam.
Since then, Subhash Shankar had been on the run since the case was registered in 2018. He had been in hiding in Cairo. Based on the inputs received by the agency, the CBI carried out this operation and nabbed Shankar. He will be produced in a Mumbai CBI court and his custody will be sought for interrogation.
The Interpol had issued the Red Corner Notice (RCN) on the basis of charge sheet filed by the CBI in a special court in Mumbai and the arrest warrant issued by the judge Special J C Jagdale there, four years ago
In its Red Corner Notice issued against a fugitive, the Interpol asks its 192 member countries to arrest or detain the person if spotted in their countries after which extradition or deportation proceedings can begin.