NEW DELHI: The fugitive diamond merchant accused of swindling Punjab National Bank of Rs 14,000 crore may be on the run hounded by several Indian government agencies but all that has not brought his business to a standstill as was expected. It’s business as usual for Modi despite the fact that all his bank accounts have been frozen in India and one of his companies in Belgium has been declared bankrupt. Indian authorities have informed all banks and financial institutions in Brussels about the investigation against Modi, and requested that his financial transactions be blocked. However, a TOI report citing sources says that these preventive measures hardly impacted Modi’s business as he was carrying out operations through the companies run by his father and associates.At least 23 subsidiaries associated with Modi and his family members were registered in countries like Singapore, the US, Russia, Hong Kong, Belgium, France, Macau, the UAE and Armenia. The government had revoked Modi’s passport on February 24 on a request from the CBI and the Enforcement Directorate (ED). However, he was found taking frequent trips across the Schengen region using his revoked passport. The CBI and the ED have approached Interpol for a red corner notice against Modi. The request is pending.The foreign ministry has now written to Belgium, the UK and France and requested them to inform Indian authorities about Modi’s whereabouts and also put restrictions on his travel. The ED is likely to move an extradition request against Modi to the UK, Belgium and some other countries having obtained a non-bailable warrant from a Mumbai court against the fugitive.