India, Dec. 19 -- Acting on a request from the Enforcement Directorate (ED), a special court on Tuesday issued a non-bailable warrant against Mehmood Bhagad alias Challenger King, the absconding kingpin in the 198.41-crore suspicious transactions through the Nashik Merchant Co-operative (NAMCO) Bank and the Bank of Maharashtra (BOM), both in Malegaon. There is a pending Interpol Red Corner Notice as well against the accused, who allegedly left the country last year when the irregular transactions first surfaced.

Bhagad did not comply with the ED's three summonses issued in June and August this year, requiring him to appear before the investigating team. "All three summonses were sent through the postal department as well as via email," t...