ED be­gins process to get NiMo from Hong Kong, mama Choksi from US

Mid Day - - CITY - RAHUL MAHAJANI rahul.mahajani@mid-day.com

THE En­force­ment Direc­torate (ED) has be­gun the process to get Ni­rav Modi from Hong Kong and Me­hul Choksi from the US in the mon­ey­laun­der­ing scam in­volv­ing Pun­jab Na­tional Bank. Sources said the lo­ca­tions of the two are more or less con­firmed, and that the trial court has is­sued Let­ters Roga­tory (LRs), which would be for­warded to the courts over­seas.

The plan

Sources said the non-bail­able war­rant is­sued by the court would be used to get the ac­cused back.

Hong Kong has a Fugi­tive Of­fend­ers Act, as per a Com­mon­wealth coun­try can get back the per­son booked there; the probe agency is ex­plor­ing le­gal op­tions to use the Act against Ni­rav. With re­spect to Ni­rav’s un­cle and busi­ness part­ner, Choksi, the agency plans to put forth its case be­fore a US court, as In­dia has had an ex­tra­di­tion treaty with the coun­try since 1999.

The court has also al­lowed ED to is­sue LRs to six coun­tries for ob­tain­ing in­for­ma­tion about Ni­rav’s over­seas busi­nesses and as­sets. The ED wants to is­sue LRs un­der the Pre­ven­tion of Money Laun­der­ing Act (PMLA) for seizure of doc­u­ments and prop­erty/as­sets of Ni­rav and Choksi in Hong Kong, US, UK, UAE, South Africa and Sin­ga­pore.

So far...

The CBI has filed three cases against Ni­rav, Choksi and other ac­cused, and 19 peo­ple have been ar­rested so far. While the ED has filed one case un­der the PMLA, no ar­rests have been made in that. It has, how­ever, at­tached prop­er­ties, as­sets, bank ac­counts and shares among other things, all to­talling to over R6,000 crore.

Ni­rav Modi

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