Mumbai Police turns to Look Out Circulars (LOC) to nab international flyers accused of slandering citizens; for years, the term LOC conjured images of sensational cases involving business tycoons accused of bank fraud, or international fugitives, and organised crime figures.

Mehul Choksi and his nephew Nirav Modi are the prime accused in a scam, being probed by both the CBI and ED. They are accused of siphoning off over Rs 13,000 crore from the PNB using Letters of Undertaking and Foreign Letters of Credit by bribing officials