Fugitive Choksi Arrested "on way to Cuba"

By John Jeffay / May 27, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Fugitive diamond trader Mehul Choksi was arrested yesterday in Dominica, three days after he disappeared from Antigua, about 120 miles away by sea.There is media speculation that after arriving on the tiny island by boat he was intending to travel by sea to Cuba, 1,150 miles away.He is wanted in his home country of India, where he and nephew Nirav Modi are accused of defrauding the Punjab National Bank out of $1.85bn.In 2018, Choksi, 62, (pictured) moved from India to Antigua and and Barbuda, which offers a citizenship by investment program.India is now expected to use diplomatic channels in an attempt to have him deported. But Chokis's lawyer Vijay Agarwal says his client is no longer a citizen of India and he cannot be deported there.Antigua's prime minister Gaston Browne said Choksi had "made a monumental error by skipping the island".He told the Antigua News Room website: "He needs to return to India where he can face the criminal charges levelled against him.". 

Recent News

Rising metals price volatility over past month

January 12, 2026 / www.canadianminingreport.com

Gold stocks surge ahead of equities on metal price gain

January 12, 2026 / www.canadianminingreport.com

Base metals outlook for 2026 opaque after decent rise last year

January 07, 2026 / www.canadianminingreport.com

Gold and silver stocks far outpace the major markets

January 07, 2026 / www.canadianminingreport.com

Bank of Japan boosts rates, continuing an unwinding carry trade

December 22, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok