Mehul Choksi – Bhartiyanews24x7

14 individuals declared fugitive economic offenders under 2018 law: ED report

2May

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14 individuals declared fugitive economic offenders under 2018 law: ED report

Nirav Modi, Vijay Mallya, Iqbal Mirchi’s wife Hajra Iqbal Memon, and sons Junaid Memon and Asif Iqbal Memon are among the 14 individuals declared fugitive economic offenders in the last five years under the Fugitive Economic Offenders Act (FEOA) enacted in 2018, the Enforcement Directorate said in its annual report. Applications to declare Mehul Choksi, Sanjay Bhandari and Zakir Naik and Mahadev app owner Ravi Uppal fugitive economic offenders are pending with different courts, the report said. ED Director Rahul Navin said the 2018 law was a significant step in India’s efforts to combat economic offences, particularly those committed by individuals who believed that they could evade prosecution by fleeing the country. “The ED filed applications to get 24 individuals declared as fugitive ec...

CBI seeks NBW against Choksi in another bank fraud case

IN A bid to bolster its extradition request further, the Central Bureau of Investigation (CBI) has sought a non-bailable warrant against fugitive jeweller Mehul Choksi in a bank fraud case filed in 2022, alleging losses caused to a consortium of banks led by Canara Bank to the tune of Rs 55.27 crore. Choksi was arrested in Belgium on April 12, following an extradition request by India, in the investigation into the Rs 13,000-crore Punjab National Bank consortium fraud case. On Wednesday, the CBI moved a special court in Mumbai seeking issuance of an open non-bailable warrant against Choksi. A chargesheet in the case was filed last year against Choksi and six others, including firms linked to him, namely Bezel Jewellery India Pvt Ltd (previously known as D’damas Jewellery), and Gitanjali Ge...

Mehul Choksi educational qualification and career trajectory: From small-town graduate to diamond tycoon turned fugitive – The Times of India

Absconding diamond merchant Mehul Choksi, a key accused in the ₹13,000 crore Punjab National Bank (PNB) fraud case, has been detained in Belgium and is set to be extradited to India. The development marks a significant step for Indian investigative agencies seeking to prosecute Choksi, who fled the country in 2018. While the criminal case has drawn international attention, Choksi’s career trajectory and educational background offer insight into how he rose in the diamond industry before facing serious allegations of financial misconduct.Modest beginnings: The Gujarat college days of a future fugitiveMehul Chinubhai Choksi was born on May 5, 1959, in Bombay (now Mumbai). He pursued his higher education at G.D. Modi College in Palanpur, Gujarat. There are no records of advanced degrees or sp...