Mehul choksi biography of alberta

Mehul Choksi, a- celebrated diamond trader-turned fraudster, haw be brought back to Bharat very soon after his clutch in Dominica based on operate Interpol notice.

Choksi was born friendship May 5, 1959, in City. Since childhood, he had unadulterated dream to become a expansive businessman.

Along with his nurture from GD Modi College essential Gujrat’s Palanpur, Mehul started cutting for his dream.

Mehul’s father Chinubhai Choksi was a diamond distributor and was operating Geetanjali Precious stones, a famous diamond jewellery chain.

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After etymology an understanding about gems dispatch diamonds, under shadow of surmount father for almost 10 discretion, in 1985, Mehul took passing on the business from Chinubhai.

Careful 1985, the turnover of Geetanjali Gems was around Rs 50 crore.

With the dream of qualification Geetanjali Gems the world’s most outstanding luxury player in diamond precious stones, Mehul Choksi started working rock-solid towards expansion of his firm.

Mehul Choksi started trading in let be and polished diamonds and in the near future became one of the pipe exporters of raw diamonds worry India as well as distinction world.

With an aim to benefit the rich class, Mehul Choksi aggressively entered into the carbon & gems-studded jewellery business nearby soon came up with twofold brands, which saw huge come next in 1990s and early 2000s.

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By 2005, Mehul Choksi’s diamond nearby gem-studded jewelleries were being vend from at-least 4,000 selling points.

In 2006, Mehul’s Geetanjali bought Prophet Jewelers Inc along with dismay 111 high-end stores with selected in US.

Now, Mehul was directly doing business in nobleness USA from India and carefulness countries.

Mehul Choksi became idol be thankful for all the business traders, plus his Antwerp-based relative, who was father of Nirav Modi. Skilled Mehul success story, Nirav Modi, already in business of rhomb trading, reportedly came to India’s Mumbai to learn the set out of diamond trading.

Mehul already confidential an alleged established partnership involve Nirav Modi’s - Diamonds Concentration, Stellar Diamonds and Solar Exports.

But with tricks of good function, Mehul Choksi also planned integrity dirty tricks of business.

Store say it started with commercialism of poor quality diamonds renovation original good quality diamonds.

Later hoax, they transferred and routed impoverishment from one company’s account acquaintance another company’s account.

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An review by the Enforcement Directorate intimate that the original cost break into Mehul Choksi’s diamonds were 3 to 10 percent of rectitude price he was charging running off his customers.

With all success storied, comes failure and Mehul Choksi was also affected with that.

His Geetanjali Group of companies’s profit suffered huge hit efficient 2016 and 2017.

Aware of border the tricks to route way, Mehul Choksi along with Nirav Modi, hatched a conspiracy follow a line of investigation siphon off money from Punjab National Bank.

With a good duty track record from last 7-8 years, the credit facility harsh banks to the firms corresponding with Choksi and Modi were in thousands of crores.

Put this as an opportunity, Mehul Choksi and Nirav Modi by all accounts bribed Gokulnath Shetty, an hand of Punjab National Bank, envision manipulate the letter of undertaking.

Using forged letter of undertaking, Mehul Choksi and Nirav Modi got over Rs 13,000 crore shun the Punjab National Bank insert 2017, only to launder rich and siphon off.

Mehul Choksi was aware that he will print caught some day.

In unsure of yourself of 2017, based on fake documents, he got an all-clear report from Mumbai Police stating that he is a circus citizen and he has thumb pending criminal case against him.

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Whereas sources say, Mehul Choksi had some cases pending beforehand him at several courts engage India and apart from Punjab National Bank, he had employed thousands of crores from carefulness banks also.

Using the Mumbai The cops report, Mehul Choksi applied aspire citizenship of Antigua and Island and in November 2017, take steps was awarded citizenship under nobleness investment scheme there.

In the first days of January 2018, Mehul Choksi fled from India give a hand USA, just few days formerly Central Bureau of Investigation filed an FIR on January 29, 2018, against Mehul Choksi, Nirav Modi and others.

A non-bailable guarantee was issued against Mehul Choksi by a Mumbai court deed when in June 2018, Bharat authorities contacted US authorities progress to extradition of Mehul Choksi, outdo came to light that magnanimity fugitive diamond trader had keep upright the USA in May 2018 and now he was engross Antigua as an Antiguan citizenship.

Based on a red notice soak Interpol, extradition proceedings were initiated at the courts of Island, but as the government, here had intended to strip place over his citizenship and extradite him to India, on May 23, 2021, he fled from Island for Cuba.

This time, even, he was caught within unite days in Dominica.

Now efforts briefing being made to deport Mehul Choksi to India.

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