The Fugitive Businessman Mehul Chowksi, who is among the “Wanted” list in India for a Fraud of Rupees 13,000 Crore, recently came out from his Hiding, though in more of a digital way.
Well, today in a dramatic turn of events a video of Chowksi surfaced in which he can be seen defending himself, saying that all the allegations leveled against him the Enforcement Directorate (ED) in the USD 2 billion PNB money laundering case, are baseless.
Mehul Chowksi, is the maternal uncle of Nirav Modi, who is also alleged of fraudling Punjab National Bank (PNB) with a huge amount of Rupees 13, 500 Crore.
This video of Chowksi has been captured by ANI in which he questions the suspension of his passport, which the regional passport authorities are yet to respond to. All questions by ANI to Choksi were asked by his lawyer in Antigua.
"The passport authorities revoked my passport altogether in view of which I was immobilize. On February 16, I received an email from the passport office which said that my passport has been suspended due to reasons of security threat to India. On February 20, I sent an email to the regional passport office, Mumbai, requesting them to revoke the suspension of my passport. However, I did not receive any reply from the regional passport office," he said in the video.
Apparently Nirav Modi and his companies availed credit from the overseas branches of Indian banks using the fraudulent PNB guarantees given through LoUs and letters of credit issued to bring the liability on the state- run back, by the brady House Branch.
A multi-agency probe is on against him – involving the Central Bureau of Investigation (CBI), the Enforcement Directorate (ED) and the Income Tax Department- charges have been filed against him in CBI and ED.
A team from India was sent to Antigua last month to formally ask the government there to extradite Choksi under a Commonwealth provision that allows extradition between two member-countries. India does not want to use Interpol red notice (used to find fugitive) in case of Chowksi, as it is already done by Indian officals.
Apart from Choksi, Indian authorities are all set to bring back Nirav Modi back to India, who has been traced in UK. India is all set to mount a legal challenge to bring back both of them to the Country to face trail.
Choksi denied the accusations of having fled from India to escape the legal actions saying he was already abroad getting treatment for cardiac arrest, when the news of PNB fraud broke.