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

Mehul Choksi (file picture)

NEW DELHI: Fugitive businessman Mehul Choksi has not paid maintenance costs of about Rs 63 lakh for his flat at Gokul Apartments in Malabar Hill, Mumbai, information company ANI reported, quoting a society member on Monday.
The member informed ANI that Choksi owns three items in the constructing – on the ninth, tenth, and eleventh flooring – and has not paid maintenance for greater than seven years.
“He has seven years of maintenance due. He has three units– 9th, 10th, and 11th floors. The 11th floor is a terrace, he has illegally occupied it. There are maintenance dues of around Rs 63 lakh without interest. In 2020, our condominium had renovation work done, the cost per unit came to Rs 30-35 lakh, so if you add the cost of three units, it will be around Rs 95 lakh,” the society member was quoted as saying by information company ANI.

“Big trees have started growing in the flat and the roots will definitely damage the structural integrity of the building. This is an additional burden that we have to bear without any fault of ours. We have faith in the legal system of India, ED officials, and we hope we will get the dues,” he added.
The Enforcement Directorate (ED) had earlier hooked up the property.
Earlier on Monday, the Belgian (*63*) Public Service of Justice confirmed that Mehul Choksi was arrested on April 12 and is presently in detention. The division additionally stated that India has submitted a request for his extradition.
At least two open-ended arrest warrants, issued by a particular courtroom in Mumbai in 2018 and 2021, have been shared by the Indian companies with their Belgian counterparts as a part of the extradition request, the sources stated.
Choksi, aged 65, left India on January 2, 2018. He is needed by the CBI and the ED in reference to a case involving alleged fraud of Rs 13,850 crore at Punjab National Bank (PNB). Hisnephew, Nirav Modi can be accused in the identical case.
According to investigators, between 2014 and 2017, Choksi labored together with his associates and a few PNB officers to acquire letters of endeavor (LoU) and overseas letters of credit score fraudulently, inflicting a lack of Rs 6,097.63 crore to the financial institution.
The ED has hooked up or seized property value Rs 2,565.90 crore in the case towards Choksi and the courtroom has allowed “monetisation” of all these properties.