The Enforcement Directorate (ED) in India is expected to engage with the Gaston Browne administration to investigate whether Mehul Choksi has accumulated wealth in Antigua and Barbuda. The ED aims to liquidate Choksi’s global assets, valued at approximately $2 billion, to compensate victims of his alleged fraud.
The agency has identified five properties linked to Choksi in Thailand, Dubai, Japan, and the U.S., including a villa, office space in Dubai, a flat in Manhattan, and shares in a Japanese company. Despite reaching out to foreign authorities, the ED has yet to receive responses.
This initiative aligns with a 2011 Mumbai court ruling that supported Indian banks seeking to prevent asset depreciation and recover funds. Choksi, who gained Antiguan citizenship through investment, was accused of a $1.8 billion bank fraud. In 2023, he alleged abduction and torture by a group aiming to extradite him to India. Captured in Dominica, he was charged with illegal entry before being returned to Antigua, where charges were dropped.
Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Antigua!
We offer fully customizable and flexible digital marketing packages.
Contact us at [email protected]
Why is he still here?
I thought they already did that.
the man is innocent until proven guilty so how can you deprive him of his assets
What assets? House in jolly Harbour?
After the failed kidnapping attempt what next!?
Not bec he is antiguan since 2017 means he is good person …he did one of the biggest fraud in india that’s why Indian government is behind him…if they want him they will get him anyhow ..by d way he already expanding his business in Antigua….so it’s time for us to be xtra careful my friends
He rented in Jolly Harbour!.
Like it or not, he is one of us. He has a right to due process
Harold Lovell big fren that he initially denied seeing/meeting at any restaurant…..until Darren Matthew-Ward pulled the truth out of him.
All you give the man a damn break he is one of us my god man enough has been done to the man