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PNB fraud: Choksi cites risk to life, moves court
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SME Times News Bureau | 22 Mar, 2019
One of the key accused in the PNB fraud case, Mehul Choksi, on Friday
moved a fresh application in a special Prevention of Money Laundering
Act (PMLA) court in Mumbai seeking cancellation of a non-bailable
warrant against him.
His application came three days after his
nephew Nirav Modi, another key accused in the Rs 13,500-crore Punjab
National Bank loan default case, was arrested in London.
In his
application, Choksi, who had fled India in January 2018 months before
the scam surfaced, has cited ailment and risk to his life. Choksi's
lawyer Sanjay Abbot in the application said the jeweller has a long
history of heart ailments and a blood clot in the brain.
He also mentioned in the application about Choksi's apprehension over his safety.
On
May 22, 2018, after taking cognisance of the second chargesheet filed
in the PNB case by the Central Bureau of Investigation (CBI), the
special court had issued the non-bailable warrant against Choksi, owner
of Gitanjali Group.
His move comes two days after the
investigation agencies said that Choksi's extradition process has begun
in Antigua where he has taken citizenship.
The court has adjourned the matter for April 9 for arguments.
Choksi's
counsel submitted his detailed medical history citing his ailments
constraining him from travelling and hence leading to his inability to
return to India.
His counsel also placed 38 documents on record,
including a latest prescriptions in which doctors recommend that Choksi
should remain under continuous medical supervision in Antigua and should
avoid travelling as his medical condition may deteriorate.
Choksi,
along with his nephew and diamantaire Nirav Modi are accused of
colluding with bankers to secure credit from overseas banks using
fraudulent guarantees. Both have denied the allegations and have moved
abroad.
Nirav Modi was taken into custody in London on March 19.
However,
Choksi had secured a passport from Antigua and Barbuda, where wealthy
foreigners can become citizens in exchange for investing in the country.
He was granted citizenship on January 15, 2018.
He then deposited his cancelled Indian Passport No. Z3396732 and a mandatory fee of $177 for other formalities.
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