Fugitive Indian-born jeweller Mehul Choksi has been captured in Dominica and will likely be repatriated to India, Gaston Brown, Prime Minister of Antigua and Barbuda, told Reuters partner ANI, days after he went missing from the Caribbean nation.
Police in Antigua and Barbuda had been questioning relatives and associates of Choksi, a main defendant in India's largest bank fraud case, and had requested international police coordination agency Interpol to issue a global alert, after he went missing on Sunday.
"We will not accept him back," Browne told ANI. "He made a monumental error by skipping the island."
Browne said it was likely Choksi entered Dominica illegally by boat.
Browne said the Dominican government and law enforcement agencies were co-operating and that Antigua was in talks with the Indian government for his repatriation.
Browne's office did not respond to a request from comment and Reuters was not able to immediately contact Dominican authorities for comment.
Choksi's lawyer in India did not immediately respond to requests for comment.
Indian federal police have filed fraud charges against Choksi, his nephew, Nirav Modi, and others in connection with their suspected involvement in fraudulent transactions that led to losses of about $2 billion for India's Punjab National Bank (PNB).
PNB in 2018 alleged that a few rogue employees had issued fake bank guarantees over several years to help jewellery groups - controlled by Modi and Choksi - raise funds in foreign credit.
Modi and Choksi left India before the fraud came to light but have denied any wrongdoing. Modi was arrested in London in 2019 and is fighting extradition to India. Choksi has been living in Antigua and Barbuda.
An Indian official told Reuters in 2019 that Choksi had secured a passport from that country, where wealthy foreigners can become citizens in exchange for investing there.
But the official said India still considered Choksi to be an Indian citizen and the Indian government was pushing for his extradition.
It was not immediately clear why Choksi went to Dominica but Browne had told Antigua's Parliament on Tuesday that Choksi was fighting two cases in the country relating to his extradition and his citizenship.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU