TIL Desk/Business/New Delhi/ 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.
Soon after the scam broke in 2018, Parab was one of the executives who went missing along with Modi’s family members and his uncle Mehul Choksi. The latter found refuge in Antigua and Barbuda, a Carribbean island country, they said. India had issued an Interpol Red Notice against Parab to track him and bring him back, they said.
