Accused in Rs 13,850 crore PNB fraud, Mehul Choksi owes Rs 63 lakh in maintenance dues for Mumbai flats: Report

Mehul Choksi Is Accused of Rs 13,850 Crore PNB Fraud and owes Rs 63 Lakh in Maintenance Payments for Mumbai Apartments: Report Mehul Choksi, a fugitive diamantaire who is a key suspect in the massive Rs 13,850 crore Punjab National Bank (PNB) scam, is once again in the news because he hasn't paid over Rs 63 lakh in maintenance fees for his luxury Mumbai homes. According to a recent report, Choksi has failed to pay maintenance charges for two luxury flats located in Mumbai's prestigious areas, adding yet another layer of controversy to his already checkered legacy. The flats, reportedly situated in the high-end Worli and Walkeshwar areas, have accumulated dues over several years, creating a financial burden for the respective housing societies.

The housing societies are said to have tried multiple times, including sending legal notices, to get the money they owe. However, with Choksi continuing to evade Indian authorities and currently residing in Antigua and Barbuda — where he had acquired citizenship before fleeing India — the process has remained stalled.

The fraudulent issuance of Letters of Undertaking (LoUs) by bank officials in order to benefit Choksi and his nephew Nirav Modi was at the heart of the PNB scam, which was discovered in 2018. One of India's most significant banking scandals was started by the two, who are accused of siphoning off thousands of crores of rupees through the use of false guarantees. Despite an Interpol Red Corner Notice and extradition requests by Indian agencies, Choksi has managed to delay proceedings by citing health issues and challenging the legitimacy of the actions against him.

In the meantime, other residents of the societies, who are indirectly impacted by the ongoing defaults, have been frustrated by the pending maintenance payments. Despite the fact that such a move would face legal obstacles given Choksi's status as a fugitive, some reports suggest that the societies may consider the possibility of auctioning off the properties if the dues continue to be unpaid. The issue of Choksi's unpaid maintenance adds yet another twist to the story of luxury, fraud, and elusive justice as enforcement agencies continue their efforts to bring Choksi back to India for trial.

Accused in Rs 13,850 Crore PNB Fraud, Mehul Choksi Owes Rs 63 Lakh in Maintenance Dues for Mumbai Flats: Report

Fugitive diamantaire Mehul Choksi, who is a key accused in the massive Rs 13,850 crore Punjab National Bank (PNB) scam, is once again in the spotlight — this time for unpaid maintenance dues amounting to over Rs 63 lakh for his upscale residential properties in Mumbai.

According to a recent report, Choksi has failed to pay maintenance charges for two luxury flats located in Mumbai's prestigious areas, adding yet another layer of controversy to his already checkered legacy. The flats, reportedly situated in the high-end Worli and Walkeshwar areas, have accumulated dues over several years, creating a financial burden for the respective housing societies.

The housing societies have allegedly made multiple attempts to recover the outstanding amount, including sending legal notices. However, with Choksi continuing to evade Indian authorities and currently residing in Antigua and Barbuda — where he had acquired citizenship before fleeing India — the process has remained stalled.

The PNB scam, unearthed in 2018, involved fraudulent issuance of Letters of Undertaking (LoUs) by bank officials to benefit Choksi and his nephew Nirav Modi. The two are accused of siphoning off thousands of crores through fake guarantees, triggering one of the biggest banking scandals in Indian history.

Despite an Interpol Red Corner Notice and extradition requests by Indian agencies, Choksi has managed to delay proceedings by citing health issues and challenging the legitimacy of the actions against him.

Meanwhile, the pending maintenance dues have stirred frustration among other residents of the societies, who are indirectly affected by the long-standing defaults. Some reports suggest that the societies may explore the option of auctioning off the properties if the dues remain unpaid, although such a move would face legal hurdles given Choksi's fugitive status.

As enforcement agencies continue their efforts to bring Choksi back to face trial in India, the issue of unpaid maintenance adds yet another twist to the saga of luxury, fraud, and elusive justice.