Egypt deports key official of Nirav Modi's firm
Published on: Monday 11 April 2022
Subhash Shankar Parab, a key accused in the Rs 7,000 crore diamantaire Nirav Modi bank fraud case, was 'deported' from Cairo on Tuesday after a long diplomatic and legal process, officials said in New Delhi.
A CBI team had gone to Egypt's capital to bring back 50-year-old Parab, who was allegedly kept in illegal confinement in a Cairo suburb by Modi, the fugitive diamantaire, they said.
The CBI had been chasing Parab, deputy general manager (finance) in Modi's Firestar Diamond and understood to be a key witness to the Letters of Undertaking (LoU) submitted to the Punjab National Bank (PNB) to siphon off over Rs 7,000 crore, they said.
News source: https://www.rediff.com/business/report/pnb-scam-egypt-deports-key-official-of-nirav-modis-firm/20220412.htm
