Meta Title: How India Stopped Mehul Choksi from Fleeing to Switzerland – Full Story
Meta Description: Discover how Indian authorities intercepted Mehul Choksi escape plan to Switzerland. Learn the key strategies used to prevent his flight.
Introduction
Mehul Choksi, the fugitive diamantaire and key accused in the Punjab National Bank (PNB) scam, made multiple attempts to evade Indian law. One such plan involved fleeing to Switzerland, a country known for its banking secrecy. However, Indian authorities, along with international agencies, thwarted his escape.
This blog reveals the inside story of how Choksi plan was foiled, the strategies used by Indian agencies, and why Switzerland became his failed escape route.
Who is Mehul Choksi?
Mehul Choksi, the owner of Gitanjali Gems, was a central figure in the ₹14,000 crore PNB fraud (one of India’s biggest banking scams). In 2018, just before the scam was uncovered, he fled to Antigua and Barbuda, acquiring citizenship there.
Despite being a wanted fugitive, Choksi explored multiple escape routes to avoid extradition—one of them being Switzerland.
Choksi Plan to Flee to Switzerland
Switzerland has long been a safe haven for financial fugitives due to its strict banking privacy laws. Choksi allegedly planned to:
Seek asylum under the guise of political persecution.
Move his hidden wealth into Swiss banks to avoid seizure.
Evade Indian and Interpol’s red notices by using legal loopholes.
However, Indian agencies were one step ahead.
How Indian Authorities Stopped His Escape
1. Intelligence Tracking & Surveillance
Indian agencies, including the CBI and Enforcement Directorate (ED), closely monitored Choksi’s movements. They intercepted communications suggesting his plans to enter Switzerland via a third country.
2. Revocation of Passport & Interpol Red Notice
The Indian government canceled Choksi passport in 2018, restricting his travel.
An Interpol Red Corner Notice was issued, alerting global authorities about his fugitive status.
3. Diplomatic Pressure on Switzerland
India officially alerted Swiss authorities, sharing evidence of Choksi financial crimes. Switzerland, known for cooperating in financial fraud cases, denied him entry or asylum.
4. Blocking Financial Moves
The ED froze Choksi assets in India and abroad, making it difficult for him to transfer funds to Swiss banks.
5. Legal Traps in Antigua
Since Choksi was stuck in Antigua, India pushed for his extradition. Antiguan authorities also restricted his movement, preventing him from boarding flights to Europe.
Why Switzerland Was a Dead End for Choksi
Strict Banking Laws: Switzerland has tightened rules on dirty money, making it harder for fraudsters to park illicit funds.
India’s Strong Diplomatic Push: Swiss authorities cooperated after India provided concrete evidence of Choksi fraud.
Global Crackdown on Fugitive Wealth: After the Panama Papers and Pandora Papers, Switzerland became less of a safe haven for financial criminals.
Conclusion: A Foiled Escape
Mehul Choksi attempt to flee to Switzerland was blocked by a combination of intelligence, legal action, and international cooperation. While he remains in Antigua fighting extradition, India’s efforts prove that financial fugitives have fewer places to hide.
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