New Delhi: In a significant development, the Interpol has on Friday issued a Red Corner Notice against fugitive billionaire Nirav Modi’s brother Nehal Modi. Also Read - Interpol Takes up India's Request For Red Corner Notice Against Zakir Naik

The notice has been issued to Nehal Modi in connection with the alleged Rs 13,600 crore bank transactions at the Punjab National Bank (PNB). Also Read - PNB Scam: Interpol Issues Red Corner Notice Against Mehul Choksi

The notice against Nehal Modi comes at a time when the uproar over the extradition his brother Nirav Modi continues.

Nehal, a Belgium citizen, is allegedly accused of helping his brother Nirav in laundering bank funds.

The Enforcement Directorate (ED) in its complaint said that Nehal intentionally helped his brother Nirav divert money to shell corporations and destroyed key evidence.

Nirav Modi, who is accused of cheating the PNB of nearly $2 billion, is serving a jail term in London and his judicial custody will end on September 19.

Investigations revealed that Nehal Modi was the director of now-defunct Firestar Diamonds USA. He was also involved with the Ithaca Trust, an entity set up to fund and buy real estate for Nirav Modi after money received from LOUs were diverted into shell companies.