Kenneth Rijock

Kenneth Rijock

Tuesday, May 12, 2020

ARE YOU BANKING ANY OF THE FIFTY FINANCIAL FUGITIVES WANTED IN INDIA ?



The current high-profile UK extradition hearing of Nirav Modi, and th4 ongoing Antigua case of Mehul Choksi, have drawn attention to the fact that there are over fifty major fugitives from justice, wanted in India for financial crimes, living abroad with their illicit millions, and even billions, of dollars in criminal proceeds. Many of these fugitives stole from financial institutions in India, which sorely need to recover their losses.

While local corruption has been responsible for delays in reporting fraud, and even in drawing up extradition papers, many of the fugitives are living high on the hog in their chosen new residences, located in the UAE, USA, UK, Belgium, Italy and Egypt.

Some of those named in the Indian press include: VIJAY MALLYA, NIRAV MODI, NEESHAL MODI, MEHUL CHOKSI, MITIN SANDESARA, CHETAN SANDESARA, LATIT MODI and two Europeans, GUIDO RALPH HASCHKE and CARLO GEROSA. ( innocent until proven guilty in a court of law).

You may want to examine your client list for high net-worth Indian nationals who are not engaged in local business, but reside outside India.

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