Where’s your father, country waiting to give him red carpet: SC to Choksi’s son
In a scathing remark, the Supreme Court of India has dismissed a petition filed by Mehul Choksi’s son, asking him where his father is, and stating that the country is waiting to give him a red-carpet welcome. The petition was filed against the National Spot Exchange Limited’s decision to include Mehul Choksi’s son in a ₹937-crore recovery suit. The court’s comment is a clear indication of the country’s eagerness to bring Mehul Choksi, an accused in the Punjab National Bank scam, to justice.
Mehul Choksi, a fugitive businessman, has been on the run since the Punjab National Bank scam came to light in 2018. He is accused of defrauding the bank of over ₹13,000 crore, and has been pursued by Indian authorities for extradition. However, Choksi has consistently denied any wrongdoing and has claimed that he is being persecuted by the Indian government.
The Supreme Court’s comment is a clear reflection of the country’s frustration with Choksi’s continued absence. The court’s remark, “Where’s your respected father nowadays? The…country is…waiting to give him a red-carpet welcome,” is a sarcastic reference to Choksi’s decision to flee the country and avoid prosecution.
The ₹937-crore recovery suit, filed by the National Spot Exchange Limited, is part of the larger effort to recover the losses incurred by the Punjab National Bank scam. The suit names several individuals and companies, including Mehul Choksi’s son, as parties responsible for the scam. By including Choksi’s son in the suit, the National Spot Exchange Limited is attempting to hold him accountable for his father’s actions.
The Supreme Court’s decision to dismiss the petition filed by Choksi’s son is a significant blow to the family’s efforts to avoid accountability. The court’s ruling makes it clear that the family will not be able to escape the consequences of Mehul Choksi’s actions.
The case has significant implications for the Indian banking system and the country’s efforts to combat financial crime. The Punjab National Bank scam is one of the largest banking scams in Indian history, and has led to a significant overhaul of the country’s banking regulations. The case has also highlighted the need for greater transparency and accountability in the Indian financial system.
The Supreme Court’s comment is also a reflection of the country’s growing frustration with fugitive businessmen who flee the country to avoid prosecution. In recent years, several high-profile businessmen, including Vijay Mallya and Nirav Modi, have fled the country to avoid prosecution. The Indian government has been working to extradite these individuals and bring them to justice.
In conclusion, the Supreme Court’s remark to Mehul Choksi’s son is a clear indication of the country’s eagerness to bring his father to justice. The court’s decision to dismiss the petition filed by Choksi’s son is a significant blow to the family’s efforts to avoid accountability. The case has significant implications for the Indian banking system and the country’s efforts to combat financial crime.
As the country waits for Mehul Choksi’s return, it is clear that he will face significant consequences for his actions. The Supreme Court’s comment is a reminder that the country will not tolerate fugitive businessmen who flee to avoid prosecution. The case is a significant step forward in the country’s efforts to combat financial crime and bring those responsible to justice.
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