Mehul Choksi made a fortune of net worth from his business. Choski’s involvement in one of the biggest frauds elucidates his economy.
Mehul Choksi is a businessman. He is considered a fugitive merchant and among India’s most wanted person in connection with loan fraud.
The businessman vanished for a long time since 2018. However, now he has been captured dramatically in Dominica while trying to escape.
After being detained in the Caribbean, Indian authorities are exploring options to bring him back. Here are some details we know about him.
Mehul Choksi Net Worth
Mehul Choksi’s net worth is INR 125 billion.
As per the stars unfolded website, his business collected over billions of revenue in the year 2018.
#BREAKING | Mehul Choksi traced & apprehended in Dominica. He will be handed over to Antigua police.
More details awaited. pic.twitter.com/JqQMHVV8TH
— TIMES NOW (@TimesNow) May 26, 2021
His 41 properties worth around INR 1,210 crores were held by the PLMA authority.
Likewise, he has earned from Money Laundering worth $2 billion from the alleged fraud.
Mehul Choksi Business
Mehul Choksi is a Jewelry business owner.
He is the owner of the Gitanjali Group, one of the largest branded jewelry retailers in the world.
He and his family are among the well-known Diamond Merchant in India.
Mehul Choksi and his nephew Nirav Modi are wanted for siphoning public money worth INR 13,500 crore from the Punjab National Bank (PNB).
The criminal duo used fraudulent letters of undertaking to fool the PNB, which is the second-largest bank in India.
While Modi his facing his imprisonment in London, Choksi mysteriously disappeared from his family home in Antigua.
Choksi also has citizenship of the Caribbean island nation of Antigua and Barbuda.
Mehul Choksi Wife and Family
Mehul Choksi’s wife is Priti Choksi.
The couple is parents to three children. Two of their children are Priyanka Choksi and Rohan Choksi.
Likewise, Choksi’s brother Chetan Chinubhai Choksi also operated a diamond company named Dimnico NV.
A hunt for him started when he was reported to be missing by his family members.
Mehul Choksi’s father is Chinubhai Choksi, who was a famous diamond trader.