Where’s your father, country waiting to give him red carpet: SC to Choksi’s son
The Supreme Court of India has dismissed a petition filed by Mehul Choksi’s son, in a significant development in the ongoing saga surrounding the infamous diamantaire. The petition was against the National Spot Exchange Limited’s (NSEL) decision to include him in a ₹937-crore recovery suit. The court’s response was scathing, with the judges questioning the whereabouts of Mehul Choksi, the accused in the Punjab National Bank (PNB) scam.
“Where’s your respected father nowadays? The country is waiting to give him a red-carpet welcome,” the court said, highlighting the government’s eagerness to bring Choksi to justice. The statement is a clear indication of the authorities’ determination to pursue Choksi, who is currently being pursued for extradition.
Mehul Choksi, the uncle of Nirav Modi, is a key accused in the ₹13,000-crore PNB scam, one of the largest banking scams in Indian history. Choksi and his nephew, Nirav Modi, are accused of defrauding the PNB by using fake guarantees to secure loans from overseas branches of Indian banks. The scandal led to a massive fallout, with several top bankers and government officials facing scrutiny.
Choksi, who holds Antiguan citizenship, has been living in the Caribbean island nation since 2018. He has consistently denied any wrongdoing, claiming that he is a victim of a political witch-hunt. However, the Indian government has been actively pursuing his extradition, with the authorities arguing that Choksi’s presence is necessary to ensure a fair trial.
The Supreme Court’s dismissal of the petition filed by Choksi’s son is a significant setback for the family. The court’s comments on Choksi’s whereabouts are also a clear indication that the authorities are determined to bring him to justice. The “red-carpet welcome” remark is a sarcastic reference to the luxury and comfort that Choksi has been enjoying in Antigua, while the Indian government has been working tirelessly to bring him back to the country.
The PNB scam has had far-reaching consequences, with several top bankers and government officials facing scrutiny. The scandal has also led to a significant overhaul of the banking sector, with the government introducing several measures to prevent similar scams in the future.
The case against Choksi and his nephew, Nirav Modi, is ongoing, with the authorities working to recover the losses incurred by the PNB. The recovery suit filed by the NSEL is part of the larger effort to recover the losses, and the Supreme Court’s decision to dismiss the petition filed by Choksi’s son is a significant step forward in this process.
In conclusion, the Supreme Court’s dismissal of the petition filed by Mehul Choksi’s son is a significant development in the ongoing saga surrounding the PNB scam. The court’s comments on Choksi’s whereabouts are a clear indication that the authorities are determined to bring him to justice. The “red-carpet welcome” remark is a sarcastic reference to the luxury and comfort that Choksi has been enjoying in Antigua, while the Indian government has been working tirelessly to bring him back to the country.
As the case against Choksi and his nephew, Nirav Modi, continues, it is clear that the authorities are determined to bring them to justice. The recovery suit filed by the NSEL is part of the larger effort to recover the losses incurred by the PNB, and the Supreme Court’s decision is a significant step forward in this process.
The PNB scam has had far-reaching consequences, and it is essential that those responsible are held accountable. The Indian government’s determination to pursue Choksi and his nephew is a clear indication that the authorities are committed to ensuring that justice is served.
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