PMLA court issued non-bailable warrants against Nirav Modi and Mehul Choksi

Mumbai, March 03: A PMLA court here on Saturday issued non-bailable warrants (NBWs) against absconder diamantaires Nirav Modi and his uncle and business partner Mehul Choksi in the Rs 12,600-crore (almost $2 billion) Punjab National Bank fraud.

The NBWs, issued by the Prevention of Money Laundering Act court Judge M.S. Azmi, will facilitate the extradition of Modi and Choksi once their whereabouts are traced, said Special Public Prosecutor Hiten Venegaonkar.

The development comes after the Enforcement Directorate (ED) on February 27 moved the PMLA court for issuing the NBWs after the duo failed to honour three summonses and appear before the agency for questioning on February 15, 17, and 23.