Today, the Enforcement Directorate (ED) in a statement said it has attached properties worth Rs. 24 crore which belongs to fugitive businessman and diamond trader Mehul Choksi. Under the Prevention of Money Laundering Act (PMLA), the ED seized three commercial properties in Dubai, a Mercedes Benz E280 car, a fixed deposit account, and several other valuable things. He was accused of being related in Rs. 13,500 crore Punjab National Bank (PNB) fraud case.
The investigation agency said that it has seized properties worth Rs. 2,534 crore from the diamond trader so far. The ED also said Mehul Choksi’s illegally acquired properties are worth more than Rs. 6,000 crore.
Earlier, Mr. Choksi obtained citizenship from the island nation of Antigua. He has been living there since January last year, months before the fraud case broke. However, the fugitive diamond trader has cited a long history of health problems along with heart problems and a blood clot in the brain.
Last month, Antigua’s Prime Minister Gaston Browne said the nation is not a “safe harbor for criminals” including those involved in financial crimes. “Choksi’s citizenship was processed, he got through. We do have recourse, the reality is that his citizenship will be revoked and he will be deported to India,” he added.