News

PNB fraud: Mehul Choksi suffers major blow as court rejects plea to halt Fugitive Economic Offender proceedings

A special court has dismissed diamantaire Mehul Choksi's plea to halt proceedings declaring him a Fugitive Economic Offender. Choksi, accused in the PNB fraud case and currently in custody abroad, argued his ongoing extradition process should suffice. However, the court, siding with the Enforcement Directorate, stated his refusal to return to India necessitates the FEO declaration.