New Delhi: In a new development, fugitive diamantaire Mehul Choski – one of the prime accused in the Punjab National Bank (PNB) scam – on Tuesday broke his silence on Enforcement Directorate’s charges – which he termed as baseless.
— ANI (@ANI) September 11, 2018
In a video statement to news agency ANI, Choksi said: “All the allegations levelled by ED are false and baseless.”
Additionally, he slammed ED for attaching his properties “illegally”.
This is the first time that Choksi has appeared on a video to share his stand, following his exit from India in January 2018.
Choksi has currently taken refuge in the island nation of Antigua & Barbuda after he earlier secured a citizenship for the same.
Earlier, Choski said he did not want to return to India citing health issues and political climate in the country.
Lookout for Modi, Choski
- As of now, Indian investigative agencies are trying to negotiate with authorities in Antigua & Barbuda to extradite the fugitive economic offender to the country.
- The authorities are also on the lookout for Nirav Modi and his family members including brother Neeshal Modi, whose extradition process has also been initiated by the CBI.
India’s largest banking fraud
- Both Mehul Choksi and Nirav Modi along with some family members left the country a few days before India’s largest banking fraud came to light. It may be noted that the fraud was conducted by the diamantaires using Letters of Undertaking (LoUs), which were obtained using illegally.
- The fraud has left a huge void in India’s banking system and many small-scale businesses are suffering the consequences as they continue to face a shortage of loans due to RBI’s ban on LoUs.