Where’s your father, country waiting to give him red carpet: SC to Choksi’s son
In a significant development, the Supreme Court has dismissed a petition filed by Mehul Choksi’s son, citing that the country is eager to welcome his father, Mehul Choksi, with a red carpet. The petition was filed against the National Spot Exchange Limited’s decision to include Choksi’s son in a ₹937-crore recovery suit. The court’s remarks came as a response to the petition, where it questioned the whereabouts of Mehul Choksi, who is an accused in the Punjab National Bank scam and is being pursued for extradition.
The Supreme Court’s decision to dismiss the petition is a clear indication that the judiciary is not willing to entertain any attempts to shield or protect individuals who are accused of committing financial crimes. The court’s remarks, “Where’s your respected father nowadays? The country is waiting to give him a red-carpet welcome,” are a clear indication that the country is eager to bring Mehul Choksi to justice and make him accountable for his actions.
Mehul Choksi, a fugitive businessman, is accused of committing a massive financial scam, which is estimated to be around ₹13,000 crore. He is alleged to have defrauded the Punjab National Bank by using fake letters of undertaking to obtain loans from overseas banks. The scam, which was uncovered in 2018, has led to a massive manhunt for Choksi, who is believed to be hiding in Antigua and Barbuda.
The National Spot Exchange Limited’s decision to include Choksi’s son in the ₹937-crore recovery suit is a significant development in the case. The exchange has alleged that Choksi’s son was a beneficiary of the scam and had received large sums of money from his father, which were used to purchase properties and assets. The inclusion of Choksi’s son in the recovery suit is a clear indication that the authorities are determined to recover the losses incurred by the exchange and bring all those involved in the scam to justice.
The Supreme Court’s decision to dismiss the petition filed by Choksi’s son is a significant setback for the family, which has been trying to shield itself from the consequences of Mehul Choksi’s actions. The court’s remarks, which were made in a sarcastic tone, are a clear indication that the judiciary is not willing to entertain any attempts to protect individuals who are accused of committing financial crimes.
The case against Mehul Choksi is a complex one, involving multiple agencies and jurisdictions. The Indian government has been trying to extradite Choksi from Antigua and Barbuda, where he has been granted citizenship. The extradition process has been delayed due to various reasons, including Choksi’s claims of poor health and the lack of a formal extradition treaty between India and Antigua and Barbuda.
The Supreme Court’s decision to dismiss the petition filed by Choksi’s son is a significant development in the case, as it clears the way for the National Spot Exchange Limited to proceed with the recovery suit. The exchange has alleged that Choksi’s son was a beneficiary of the scam and had received large sums of money from his father, which were used to purchase properties and assets. The inclusion of Choksi’s son in the recovery suit is a clear indication that the authorities are determined to recover the losses incurred by the exchange and bring all those involved in the scam to justice.
In conclusion, the Supreme Court’s decision to dismiss the petition filed by Mehul Choksi’s son is a significant development in the case against the fugitive businessman. The court’s remarks, which were made in a sarcastic tone, are a clear indication that the judiciary is not willing to entertain any attempts to protect individuals who are accused of committing financial crimes. The case against Mehul Choksi is a complex one, involving multiple agencies and jurisdictions, and the Indian government is determined to bring him to justice and recover the losses incurred by the Punjab National Bank.
The country is indeed waiting to give Mehul Choksi a red-carpet welcome, but it will be a welcome that he will not be looking forward to. The authorities are determined to bring him to justice and make him accountable for his actions, and the Supreme Court’s decision to dismiss the petition filed by his son is a significant step in that direction.
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