fugitive economic offender
ED Attaches Rs 264 Crore Assets From Shine City Group in Major Real Estate Fraud Case
Dec 04, 2025 08:22 pm CST
The Enforcement Directorate has declared Shine City Group founder Rashid Naseem a Fugitive Economic Offender, confiscating properties worth Rs 127.98 crore in a major real estate scam. After investigating 550+ FIRs, authorities have attached assets worth Rs 264.10 crore and are processing claims from over 6,500 victims who were defrauded through fake investment schemes.
Court Rejects Mehul Choksi's Plea to Dismiss Fugitive Economic Offender Status in ₹13,000 Crore PNB Fraud Case
Nov 29, 2025 02:51 am CST
A special Mumbai court has rejected diamantaire Mehul Choksi's application to dismiss proceedings classifying him as a Fugitive Economic Offender in the ₹13,000 crore Punjab National Bank fraud case. Despite his recent arrest in Belgium, the Enforcement Directorate successfully argued that FEO proceedings can only terminate when the accused returns to India. Choksi continues to fight extradition while his nephew and co-accused Nirav Modi remains imprisoned in London.
Mumbai Court Approves Auction of Mehul Choksi's Properties Worth Rs 46 Crore in PNB Fraud Case
Nov 09, 2025 02:16 pm CST
A Mumbai special court has authorized the valuation and auction of 13 unsecured properties linked to fugitive businessman Mehul Choksi, worth approximately Rs 46 crore. These assets include flats, commercial units, and silver bricks connected to Gitanjali Gems Ltd, the company central to the Rs 23,000 crore PNB fraud case. Meanwhile, Choksi has challenged his extradition ruling in Belgium's Supreme Court.