Foreign minister of Antigua and Barbuda had conveyed to Sushma Swaraj the assurances of his Prime Minister for fullest cooperation of their government in the matter of Choksi’s extradition to India, MEA said. read more

The beneficiaries of these assets put under attachment, they said, are absconding diamond jeweller Mehul Choksi, Mihir Bhansali, a close aide and US-based executive of main accused in the case Nirav Modi, and a company named A P Gems and Jewellery P... read more

Several Indian citizens – including economic offender Mehul Choksi – have accessed investment schemes that lead to citizenship in such countries in recent years. read more

India is the world’s sixth largest producer of renewable energy, and the fifth largest producer of solar energy, Sushma Swaraj cited  as evidence of India’s commitment, and went on to detail the government’s plans to generate 175 gigawatts of solar and... read more

The foreign minister of Antigua and Barbuda met India’s external affairs minister Sushma Swaraj on the sidelines of the 73rd session of the UN General Assembly, and assured her of his country’s cooperation in the extradition of Mehul Choksi. read more

The special court under Prevention of Money Laundering Act (PMLA) had summoned Choksi to appear before the court in six weeks, while hearing ED’s plea. read more

The jeweller cited a television debate where two callers suggested eliminating him once he is brought back as cause for his apprehension. read more

The illegal constructions include the bungalow of fugitive businessman Nirav Modi and Mehul Choksi read more

Congress president Rahul Gandhi alleged on Twitter that AK Sharma had played a crucial role in weakening the lookout notice against Vijay Mallya and in the escape plans of fugitive diamond traders, Nirav Modi and Mehul Choksi. read more

The agency, which is probing the Rs 14,000 crore alleged bank fraud, said Mehul Choksi was “using several dummy companies” to rotate funds and to divert money for his personal use. read more

Fugitive jeweller Mehul Choksi defended himself in the Punjab National Bank(PNB) scam in a video statement from Antigua. He said that the PNB misinformed agencies against him and employees resigned from his company for the same reasons. An ED investigation has found that absconding jeweller Mehul Choksi diverted over Rs 3,250 crore funds, allegedly defrauded from a PNB branch in Mumbai, to foreign shores and he was in business of “highly inflating” prices of precious metals sold from his outlets. The businessman has rejected the charges as “baseless”. (HT Correspondent )read more

In a note to Chairman of Estimates Committee, Raghuram Rajan said a variety of governance problems such as the suspect allocation of coal mines coupled with the fear of investigation slowed down government decision making in Delhi, both in the UPA and... read more

In its chargesheet, the Enforcement Directorate has said Choksi allegedly diverted $ 56.12 million (about Rs 400 crore) of loan funds to Nirav Modi and about $ 50 million (Rs 360 crore approx) to Modi’s father Deepak Modi. read more

The central bank could have been more decisive in enforcing penalties on non-compliant banks, former RBI governor Raghuram Rajan has said in a note to Parliamentary panel. read more

Fugitive diamantaire and Punjab National Bank (PNB) scam accused Mehul Choksi on Tuesday debunked all the allegations labeled against him by Enforcement Directorate (ED). In an interview to ANI, Choksi said that he is a “victim of political persecution” and a “soft target” for the Indian government because it is finding it “impossible” to get other people wanted for economic crimes extradited from the UK. In his first media interview since the accusations surfaced, Choksi, who is in Antigua and Barbuda, said he was confident that the government of his new country would “protect its citizen” in accordance with the law of the land. (HT Correspondent)read more