Nirav Modi’s close aide Subhash Shankar Parab deported to India by CBI
In a major crackdown in the Punjab National Bank (PNB) fraud case, Subhash Shankar, a close aide of fugitive diamantaire Nirav Modi has been deported to Mumbai from Egypt by the Central Bureau of Investigation (CBI) in connection with the Rs.7,000 crore bank fraud case PNB involving Mehul Choksi and others.
Shankar was DGM Finance in Nirav Modi’s company who fled abroad along with Nirav Modi and Mehul Choksi in 2018. He is considered to be the most trusted person of Nirav Modi and handled his entire business.
The CBI had filed a charge sheet against him four years ago on the basis of which the Interpol issued a red corner notice against him. Special CBI court of J C Jagdale had also issued an arrest warrant against him.
In 2018, Interpol issued a Red Corner Notice against Nirav, his brother Nishal Modi and his employee Subhash Shankar Parab at the request of the CBI, probing over USD 2 billion PNB scam.
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.
The federal probe agency was working to bring him back to India for a long time in connection with the loan…
