The fugitive Indian businessman Mehul Choksi arrested by the police authorities of Belgium, acting at the request of the Central Investigation Office on April 14, 2025. | Photo credit: ANI
The Indian agencies had tracing Mehul Choksi’s legs and initially had approached the Belgian authorities for extradition between August and October 2024.
“In July 2024, information was received from the Central National Office, Brussels that Mr. Choksi was undergoing some medical treatment in Belgium. Basic that the information, several documents related to it were shared with NCB, Brussels Withy, for consultation matters, an extradition request of the extradition dated October 25, 2024, according to the Belgium model, was sent to the Belgium Kingdom of Belgom of Belgium.
The Configuration Directorate (ED) has so far attached and seized assets by value of ₹ 2,566 million rupees in relation to the investigation against the case of the National Punjab Bank “Mastermind”.
The Properties, Attached Through Nine Separate Orders, Include 105 Immovable Assets Worth More Than ₹ 1,600 crore – Flats, Office Units, Land Parces, Commercial Buildings and Factory Units In Mumbai, Raigad, Nashik, And Nagpur in Maharashtra, Kolkata In West Bengal, Sureat in Gujarat, Villupuram in Tamil Nadu, and Ranga Reddy District in Telangana. Jewels, diamonds and precious metals of approximately 230 million rupees have been attached. The properties that are worth about ₹ 85 million rupees have an attached leg in the EAU, USA, Thailand and Japan, the mobile properties valued at ₹ 598 million rupees have been seized after search operations in 136 locations throughout India.
As part of the initiatives for the recovery and restitution of assets, the ED has facilitated the delivery of properties worth approximately 150 million rupees to the liquidator of Mr. Choksi Gitanjali Gems Limited. The remaining assets insured to the banks are delivered according to the court order of September 10, 2024. In February of this year, the Court also allowed the delivery of non -mortified properties to the liquidator for monetization.
In this case, until now 15 rogatory letters (application letter) have sent the leg to Hong Kong, Singapore, Thailand, United States, Belgium, China, Italy, Japan, the United Kingdom and the EAU to obtain details of the companies, assets, execution of asset asset active active active active active active active active asset of asset asset. Executo assets, exceptional assets, exceptional assets, exceptional assets, executive assets, exceptional assets, exceptional assets, excuseing assets, exceptional assets, exceptional assets, exceptional assets, exceptional assets, execution of test test assets, execution of evidence, execution assets. Mr. Choksi and his companies. Consequently, assets of approximately 85 million rupees have been attached in Thailand, USA, Japan and the EAU.
It is alleged that between 2014 and 2017, Mr. Choksi, through its beneficial activities called Gitanjali Gems Limited, Gili India and Nakshathra, Nakshathra, acquired letters of entrepreneurship and foreign credit letters worth ₹ 6.76 million) Punjab National Bank, Mumbai.
The ED summoned Mr. Choksi three times for personal appearance, but did not join the investigation. On August 8, 2018, an open -door order against him was issued on August 8, 2018. His passport was also revoked after the agencies request. One and two supplementary prosecution complaints were filed against him and another 13 on June 28, 2018, on April 7, 2020 and March 14, 2022.
Separately, the ED moved an application dated July 10, 2018, requesting to declare a fugitive economic criminal and for the confiscation of its properties then attached/seized by value of ₹ 2,345 million rupees.
Published – April 14, 2025 10:46 PM IST