Interpol withdraws Red Notice against Mehul Choksi

Tags: International News

Interpol has withdrawn the Red Corner Notice (RCN)

Interpol has withdrawn the Red Corner Notice (RCN) issued against Mehul Choksi, the main accused in the Rs 13,500 crore PNB loan scam case.

An overview of the news

  • Central Bureau of Investigation (CBI) has sought the restoration of the notice.

Case against Mehul Choksi

  • Mehul Choksi is the owner of Gitanjali Group, a jewelery firm with 4,000 stores in India.

  • He along with his nephew Nirav Modi is a culprit in the Rs 13,500 crore Punjab National Bank (PNB) scam.

  • Choksi and Modi are accused of issuing fake Letters of Undertaking (LoU) and foreign letters of credit to companies owned by them in connivance with bank officials.

  • In this case, PNB did not keep any security before issuing the LoU.

  • The matter came to light in January 2018, when PNB submitted a fraud report to the Reserve Bank of India.

  • The CBI registered an FIR in the matter a week later. By this time Choksi had fled the country.

  • Choksi is wanted in India on charges of criminal conspiracy, criminal conspiracy, cheating and financial embezzlement.

What is an Interpol Red Notice?

  • Criminals or suspects often flee to other countries to escape justice.

  • A Red Corner Notice, or Red Notice (RN), alerts police forces around the world to fugitives who are wanted internationally.

  • A Red Notice is a request to law enforcement around the world to locate and temporarily arrest a person wanted for extradition, surrender or legal action.

  • A Red Notice is not an international arrest warrant.

About Interpol 

  • The full name of INTERPOL is the International Criminal Police Organisation and is an intergovernmental organisation.

  • It was set up in 1923.

  • Member countries - 195   

  • India became its member on 15 October 1949.

  • It  helps police in all of them to work together to make the world a safer place.

  • Headquarter - Lyon, France.

  • Different Notices of Interpol - Red Notice, Green Notice, Yellow Notice, Orange Notice, Blue Notice, Purple Notice, Black Notice, and an INTERPOL-UN Security Council Special Notice.

  • Its work focuses on public safety and combating terrorism, crimes against humanity, genocide, war crimes, environmental crimes, etc.

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