Mehul Choksi

Mehul Choksi, accused in Punjab National Bank (PNB) fraud case, has been admitted to Dominica China Friendship Hospital in Roseau

Choksi is wanted in India in connection with a Rs 13,500-crore loan fraud in Punjab National Bank. He had been living in Antigua and Barbuda for the last three years after fleeing India before the fraud came to light.

The 62-year-old Choksi alleged that he was abducted from Jolly Harbour in Antigua and Barbuda by policemen looking like Antiguan and Indian and taken to Dominica.

Antigua and Barbuda’s Gaston Browne also claimed that Mehul Choksi was funding Antigua and Barbuda’s main opposition United Progressive Party.

The Dominican court has restrained local authorities from removing Mehul Choksi from the country, throwing up a hurdle to India's attempts to have him brought home and tried in the PNB scam.

Wayne Marsh, Choksi's lawyer in Dominica, had claimed that his client was allegedly abducted in Antigua and forcefully put in a vessel.

Choksi once controlled an empire with a claimed annual turnover of $ 2.5 billion, to which he couldn’t hold onto for long; the Gitanjali empire collapsed when Choksi’s role in PNB fraud was made public.

Mehul Choksi's lawyer in Dominica, Wayne Marsh, said Choksi is a citizen of Antigua and Barbuda and not India hence he should be sent back.

Describing Mehul Choksi as an "Indian citizen" wanted by the Indian authorities, the Dominican authority said they are exploring the possibility of repatriating him to Antigua - the country where he was based since fleeing from India.

A sudden move by Choksi to flee his Caribbean home in Antigua and Barbuda on May 25 seems to have given India the opportunity that nearly two years of diplomatic discussions didn't. Choksi's arrest in the neighbouring country of Dominica has now opened the way for him to be extradited to India and face the law, sources say.

Choksi, who had recently fled from Antigua and Barbuda, was captured in neighbouring Dominica after an Interpol Yellow Notice was issued against him, Antiguan media reported on Wednesday.

Mehul Choksi, who recently fled from Antigua and Barbuda, was captured in Dominica.

Choksi, who had taken citizenship of the Caribbean Island nation of Antigua and Barbuda, was last seen driving around in the southern area of the island on May 23. Later, his vehicle was found, but he was reported missing.

Mehul Choksi, along with his nephew Nirav Modi, is wanted for allegedly siphoning off Rs 13,500 crore of public money from state-run Punjab National Bank.

The statement was issued by Sitharaman in the Rajya Sabha while replying to a debate on the insurance amendment bill.

Purvi Modi and her husband had approached the court last month seeking to distance themselves from Nirav Modi, and agreeing to provide 'substantial and important evidence' relevant to him and his dealings.

Three episodes of Bad Boy Billionaires: India based on Vijay Mallya, Nirav Modi and Subrata Roy are available for streaming.

The details were provided in response to an unstarred question by Congress leader Dean Kuriakose in Parliament on September 14

The documentary, which was scheduled for release in India on September 2, was promoted by Netflix as: "This investigative docuseries explores the greed, fraud and corruption that built up – and ultimately brought down – India’s most infamous tycoons”.

Sebi said the decision to attach the accounts was taken after Choksi, Gitanjali Gems and Sheth failed to pay fine imposed on them.