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Choksi left India in January 2018, shortly earlier than the Punjab Nationwide Financial institution (PNB) rip-off was uncovered. He’s at the moment dealing with critical allegations from each the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) for his alleged function in a ₹13,850 crore fraud related to PNB.
In keeping with a report by The Financial Occasions, police arrested Choksi primarily based on two open-ended arrest warrants issued by a Mumbai court docket, dated Might 23, 2018, and June 15, 2021. Nevertheless, Choksi is prone to apply for bail, citing well being considerations and different private grounds to request his fast launch.
Earlier, it was reported that Choksi was residing together with his spouse Preeti Choksi in Belgium’s Antwerp. His spouse is a citizen of Belgium and the Indian authorities are conscious of his whereabouts, reported the Associates Occasions.
Choksi had secured Belgium’s ‘F residency card’ on November 15, 2023. Stories point out that he obtained this standing with help from his Belgian nationwide spouse. This residency allow permits non-EU nationals legally staying in Belgium to have their partner accompany or be part of them underneath particular circumstances. The report claimed that Choksi allegedly used solid papers to achieve the Belgian residency.
Choksi had earlier escaped to Antigua and Barbuda from India, the place he holds citizenship. Nevertheless, he later traveled overseas for medical remedy whereas retaining his Antiguan citizenship. On March 19, Antigua and Barbuda’s overseas minister, EP Chet Greene, confirmed this improvement to information company ANI.
In December 2024, Union Finance Minister Nirmala Sitharaman knowledgeable parliament that property value Rs 22,280 crore had been recovered or offered to repay the money owed of fugitives, together with Choksi.
