PNB fraud case: Mehul Choksi gives up Indian citizenship, surrenders passport

 

PNB fraud case: Mehul Choksi gives up Indian citizenship, surrenders passport

Choksi, along with his nephew Nirav Modi, is charged with conniving with certain bank officials to dupe PNB of around Rs 13,500 crore.

By IANS

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Published: Mon 21 Jan 2019, 10:58 AM

Last updated: Mon 21 Jan 2019, 6:11 PM

Posing fresh complications for India, absconder diamantaire Mehul Choksi, one of the prime accused in the Rs13,500 crore Punjab National Bank (PNB) fraud, has surrendered his Indian citizenship in favour of Antigua & Barbuda Isles in the West Indies, official sources said on Monday.
Choksi acquired his new citizenship last year and then subsequently deposited his cancelled Indian Passport No. Z3396732 and a mandatory fee of $177 for the other formalities.

Contacted by IANS in Mumbai, Choksi's lawyers declined to comment saying they were no longer in touch with him.

Choksi, is with his nephew Nirav Modi, are charged with conniving with certain bank officials to dupe PNB of around Rs 13,500 crore plus by issuing fake Letters of Undertakings (LoUs) to their group companies through the PNB's flagship Brady House branch. 
 


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