Advanced Search

Fugitive Jeweler Choksi Arrested in Caribbean

May 27, 2021 9:48 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Jeweler Mehul Choksi will likely be repatriated to India following his capture in Dominica, an island nation in the Caribbean, Reuters reported.

Choksi’s arrest comes two years after his nephew, Nirav Modi, was apprehended by the Metropolitan Police in the UK on behalf of the Indian authorities.

The two fugitives, along with others, are alleged to have defrauded India’s Punjab National Bank of $2 billion — the largest such case in the country’s history.

The Dominican government and law-enforcement agencies are cooperating, said Gaston Browne, prime minister of Antigua and Barbuda, where Choksi had been living and from where he was reported missing. Antigua is in talks with the Indian government for Choksi’s repatriation, Browne added, according to Reuters partner ANI.

Image: Mehul Choksi. (Rapaport News)
Tags: Antigua, Antigua and Barbuda, caribbean, Dominica, fraud, Gaston Browne, India, Mehul Choksi, Nirav Modi, Punjab National Bank, Rapaport News
Similar Articles
mr martin rapaportMartin Rapaport at JCK Las Vegas
Jun 23, 2022
Lower rough supply due to the Russia situation may be a “blessing” given the pressures on retail spending,
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.