Fugitive Indian entrepreneur Mehul Choksi, who was arrested by the Belgian authorities in criminal proceedings, acted at the request of the Central Investigation Office 14 April 2025 | Photo Credit: Neither
Indian agencies watched Mehul Choksi and initially approached the Belgian authorities to issue it between August and October 2024.
“In July 2024, the National Central Office in Brussels received information that Mr. Choksi was undergoing a certain medical treatment in Belgium. The basis of this information was related to the NCB, Brussels. In the Belinga model, which were sent in a model that was sent in the Belinga model, which were sent in the tower model that was sent that they were sent in external branches, that it was during the 25th of October, 2024, which was during October 25, 2024.
The Directorate for enforcement (ED) has so far attached and confiscated assets worth £ 2,566 GBP CRORE in connection with the investigation against the case of frauds of the National Bank in Panjab “MasterMind”.
Real estate, connected through nine separate orders, include 105 real estate assets worth more than 1,600 GBP – apartments, office units, land land, commercial buildings and factory units in Mumbai, Raigad, Nashik and Nagpur in Mahashrara, Kolkata in West Bengal, Villupuram, and Rangout, and Rangata Rangata and Rangout, A Rangout, A Rangout, A Rangout, A Rangout, A Rangout, A Rangam in Maharashtra, Maharashtra, West Bengal, A Rungur, and Ranger. Telangana. Jewelry, diamonds and precious metals worth about 230 GBP were attached. In the United Arab Emirates, the US, Thailand and Japan, real estate worth almost 85 Crore 85 ₹, while after search operations, a movable real estate worth 598 Crore in 136 locations throughout India.
As part of the initiatives for recovery and restitution, ED facilitated the handover of real estate worth about 150 Crore to the liquidator of Mr. Choksi Gitanjali Gems Limited. The remaining assets secured by banks shall be handed over according to the court order of 10 September 2024. In February this year, the court also allowed the transfer of real estate for monetization.
In this case, 15 letters of Rogator (letter of application) have been sent to Hong Kong, Singapore, Thailand, USA, Belgium, China, Italy, Japan, the United Kingdom and SAE for details of companies, assets, bank accounts, provisional asset commands and other information concerning Mr. Chorsi and his society. As a result, assets worth about 85 crore were attached in Thailand, the US, Japan and the UAE.
It is argued that from 2014 to 2017 Mr. Choksi, through their beneficial companies called Gitanjali Gems Limited, Gili India and Nakshatra Brands, fraudulently acquired letters of business and foreign credit letters worth about $ 952.76 million (equivalent to 6 097.63 Crore), Mumbai, Mumbai.
Ed convened Mr. Choksi three times for a personal look, but he did not join the probe. Against him August 8, 2018, an unauthorized order was issued against him. One main and two additional complaints were filed against him and 13 another 28 June 2018, 7 April 2020 and 14 March 2022.
Ed moved the application on July 10, 2018 and asked to declare him as a refugee economic perpetrator and then attached/confiscated his real estate for confiscation.
Published – April 14, 2025 22:46
