Fugitive Indian businessman Mehul Choksi has sued the Antigua & Barbuda government in an apparent attempt to pre-empt consideration of an extradition request made by Indian authorities.
Choksi, an economic citizen of Antigua & Barbuda, is wanted by the judicial authorities in India for his alleged involvement in a $1.8 billion fraud against the Punjab National Bank (PNB). In March 2018, non-bailable arrest warrants were issued by an Indian court against Choksi, and his nephews Nirav Modi and Neeshal Deepak Modi. They are suspected of colluding with two employees of PNB, the country’s second-largest state-owned lender, in the massive fraud. At least six PNB staff members and at least six employees of Choksi and Modi have been arrested so far. The PNB fraud case relates to fraudulent letters of undertaking worth US$2.1 billion issued by the bank. The fraud was allegedly orchestrated by Choksi and his nephews. Choksi has claimed that he is innocent and that all allegations against him are false, baseless and politically motivated.
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