Choksi Surrenders Indian Citizenship, Gives Passport to Antigua

In a new twist of events Mehul Choksi whose name surfaced in multi-crores bank fraud has surrendered his Indian citizenship.


This analysts say would dampen the effort to deport him back to India and recover the loan.The owner of Gitanjali Group, a retail jewellery company with 4,000 stores in India. An arrest warrant for Choksi has been issued in connection with the alleged Punjab National Bank fraud case. He was allegedly involved in stock market manipulation in 2013.Opposition parties claimed it was a collaborated and coordinated effort to set him free.

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