<p class="title">Interpol has issued a Red Corner Notice (RCN) against Mihir R Bhansali, an executive of absconding billionaire jeweller Nirav Modi, in connection with the alleged USD 2 billion PNB money-laundering case, officials said Thursday.</p>.<p class="bodytext">The notice, which acts as an international arrest warrant, mentions that Bhansali (40) is required on charges of "money laundering".</p>.<p class="bodytext">The RCN against Mihir Rashmi Bhansali, CEO of Nirav Modi's jewellery firm Firestar International, was requested by the Enforcement Directorate (ED), they said.</p>.<p class="bodytext">The ED wants him in order to take its investigation in the case forward, they added.</p>.<p class="bodytext">It had told the global police body that Bhansali was "likely" to travel to the US, the UK, Hong Kong, China or the UAE.</p>.<p class="bodytext">In its RCN 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.</p>.<p class="bodytext">A similar Interpol notice was issued against Nirav Modi sometime back.</p>.<p class="bodytext">Bhansali is said to be operating from the United States of America as part of the overseas operations of Firestar International.</p>.<p class="bodytext">The case pertains to cheating the state-run Punjab National Bank through the fraudulent issuance of Letters of Undertaking and Foreign Letters of Credit worth over USD 2 billion (about Rs 13,000 crore) by Nirav Modi and his uncle Mehul Choksi, both absconding since the first week of January. </p>
<p class="title">Interpol has issued a Red Corner Notice (RCN) against Mihir R Bhansali, an executive of absconding billionaire jeweller Nirav Modi, in connection with the alleged USD 2 billion PNB money-laundering case, officials said Thursday.</p>.<p class="bodytext">The notice, which acts as an international arrest warrant, mentions that Bhansali (40) is required on charges of "money laundering".</p>.<p class="bodytext">The RCN against Mihir Rashmi Bhansali, CEO of Nirav Modi's jewellery firm Firestar International, was requested by the Enforcement Directorate (ED), they said.</p>.<p class="bodytext">The ED wants him in order to take its investigation in the case forward, they added.</p>.<p class="bodytext">It had told the global police body that Bhansali was "likely" to travel to the US, the UK, Hong Kong, China or the UAE.</p>.<p class="bodytext">In its RCN 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.</p>.<p class="bodytext">A similar Interpol notice was issued against Nirav Modi sometime back.</p>.<p class="bodytext">Bhansali is said to be operating from the United States of America as part of the overseas operations of Firestar International.</p>.<p class="bodytext">The case pertains to cheating the state-run Punjab National Bank through the fraudulent issuance of Letters of Undertaking and Foreign Letters of Credit worth over USD 2 billion (about Rs 13,000 crore) by Nirav Modi and his uncle Mehul Choksi, both absconding since the first week of January. </p>