India: INTERPOL Issues Silver Notice for Fugitive Economic Offender

JD Supra Trade Law

Filed March 11th, 2026

Detected March 12th, 2026

Summary

India's Enforcement Directorate requested INTERPOL to issue a Silver Notice for Karan A. Chanana, chairman of Amira Pure Foods, in connection with an alleged Rs 1,200 crore bank loan fraud. The notice aims to trace and freeze assets acquired through criminal proceeds.

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What changed

INTERPOL has issued a Silver Notice against Karan A. Chanana, chairman and managing director of Amira Pure Foods, at the request of India's Enforcement Directorate (ED). This action is related to an alleged Rs 1,200 crore bank loan fraud case, and Mr. Chanana has been declared a fugitive economic offender under Indian law. The Silver Notice is designed to help member countries identify, locate, and trace assets acquired through criminal proceeds, enabling requests for seizure or confiscation subject to national laws.

This notice has significant implications for Mr. Chanana's assets, potentially leading to their tracing, freezing, or seizure. While not a Red Notice for extradition, the Silver Notice serves as a powerful tool for international law enforcement cooperation in combating financial crime and recovering illicit assets. Regulated entities, particularly those dealing with international finance or asset management, should be aware of such INTERPOL notices and their potential impact on asset recovery efforts by authorities.

What to do next

Review internal policies for asset tracing and international cooperation in financial crime cases.
Monitor for any asset freeze or seizure orders related to Karan A. Chanana or Amira Pure Foods.
Stay informed about INTERPOL Silver Notice procedures and their implications for cross-border asset recovery.

Penalties

Assets acquired through criminal proceeds may be subject to seizure or confiscation.

Source document (simplified)

March 11, 2026

INDIA: INTERPOL Issues Silver Notice

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A Silver Notice has been issued against Karan A. Chanana, the chairman and managing director of Amira Pure Foods, who was reportedly declared a fugitive economic offender, in connection with an alleged Rs 1,200 crore(over $130,000 USD) bank loan fraud case. Today’s post will detail the facts of the case, what a Silver Notice entails, and the effect a Silver Notice has on one’s life and assets.

What is a Silver Notice?

Before understanding the details of this case, it’s valuable to comprehend the effects of certain INTERPOL tools. In this instance, INTERPOL issued a Silver Notice, which enables countries to share alerts and requests for information worldwide. The Silver Notice helps in identifying, locating and tracing assets acquired through criminal proceeds by the fugitive across INTERPOL’s member countries.

What is the effect of Silver Notices?

As listed in a previous post following the Silver Notice’s induction into INTERPOL, Silver Notices serve the purpose of:

Helping to trace and recover criminal assets, combat organized crime and enhance international police cooperation.
Allowing member countries to request information on assets linked to a person’s criminal activities such as fraud, corruption, drug trafficking, environmental crime, and other serious offenses.
Aiding in the location and obtaining information about laundered assets including properties, vehicles, financial accounts and businesses.
Serving as a basis for requests for seizure, confiscation, or recovery of assets, subject to national laws Therefore, a Silver Notice can allow law enforcement to trace, confiscate, or seize certain assets associated with criminal activity. This differs from a Red Notice, which serves to locate and extradite a person to the requesting country.

How do Silver Notices relate to this case?

Mr. Chanana, the head of global rice brand Amira, was initially investigated for various crimes including allegedly committing fraud and criminal misappropriation. More recently though, Mr. Chanana and Anita Daing, the whole-time director of Amira Rice, were declared as offenders under the Fugitive Economic Offenders Act by a Delhi court. The Silver Notice was reportedly released at the request of the Enforcement Directorate (ED), the premier financial investigation agency of the Government of India, and aims to trace and freeze Mr. Chanana’s assets, as he is currently reported to be in the UK.

In the following post, I’ll explain how Red and Silver Notices differ and how law enforcement officials may choose to request both notices in a single case.

As always, thoughts and comments are welcomed.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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