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When 'Raj' Escaped Choked
April 20, 2025
|The New Indian Express Nagapattinam
Once a leading figure in India's diamond industry, Mehul Choksi is now infamous as the mastermind behind one of the country's largest banking frauds and is currently facing extradition from Belgium to India.
Born in Mumbai in 1959 and educated in Gujarat, Choksi inherited his father's diamond business and transformed it into the global Gitanjali Group. Known for his flamboyant lifestyle, he lived with his wife Preeti and their three children in luxury—while orchestrating what would become a ₹13,500 crore scam that shook India's financial sector.
The burly businessman expanded Gitanjali Gems into a retail powerhouse with over 4,000 outlets across India and abroad. Celebrities such as Aishwarya Rai, Kareena Kapoor, and Katrina Kaif endorsed his brand, helping it gain aspirational value among Indian consumers.
International expansion followed, with partnerships across the US, Europe, Japan, and West Asia. However, behind the glitz, financial mismanagement and fraudulent practices were beginning to unravel.
هذه القصة من طبعة April 20, 2025 من The New Indian Express Nagapattinam.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Nagapattinam
The New Indian Express Nagapattinam
321kg gold smuggled through 7 main routes seized in 10 months, says DRI
THE Directorate of Revenue Intelligence (DRI) has uncovered an increasingly sophisticated gold smuggling operation spanning continents. Between January and October this year, DRI intercepted and seized around 321kg of smuggled gold, valued at ₹406.35 crore.
1 mins
October 24, 2025
The New Indian Express Nagapattinam
More girls in govt-run CBSE schools, says secy
IT is crucial that society invest more in the education of the girl child, according to the Union Secretary of Education and Literacy, Sanjay Kumar.
2 mins
October 24, 2025
The New Indian Express Nagapattinam
Trump factor leads PM to duck Malaysia trip, says Cong
THE Congress on Thursday claimed that the reason for Prime Minister Narendra Modi not travelling to Malaysia for the Asean summit was that he does not want to be cornered by US President Donald Trump.
1 mins
October 24, 2025
The New Indian Express Nagapattinam
IF YOU LOVE MAKING VIDEOS
HERE ARE 5 GADGETS YOU SHOULD OWN
2 mins
October 24, 2025
The New Indian Express Nagapattinam
U’khand village puts cap on wedding expenses
TO curb the rising expenses and the culture of showiness at social ceremonies, the residents of Kandhar village in Uttarakhand's tribal region of Jaunsar-Bawar have passed a social bylaw limiting the gold jewellery married women can wear at weddings and family functions.
1 mins
October 24, 2025
The New Indian Express Nagapattinam
'Abhay' for anonymity: How Maoists evade police action
ENGLISH playwright William Shakespeare wrote in Romeo and Juliet, \"What's in a name?\" For the outlawed CPI (Maoist), the answer is everything. Names, often assumed or symbolic, are a tool of survival, strategy, and connection with the communities in which they operate.
1 mins
October 24, 2025
The New Indian Express Nagapattinam
'We have come far, but the digital divide still exists'
India's smartphone market may be approaching a saturation point but there is still room for innovating products to grow, says Madhav Sheth, CEO of Ai+ Smartphone and founder of NxtQuantum Shift Technologies, in an interaction with TNIE's Rakesh Kumar. Excerpts:
3 mins
October 24, 2025
The New Indian Express Nagapattinam
Kohli’s twin failures, Sharma’s fifty talking points in India’s loss
IT'S hard to find context in an ODI bilateral series with no major events scheduled in that format for the next two years.
3 mins
October 24, 2025
The New Indian Express Nagapattinam
TAKE AI’S HELP FOR SPEEDY JUSTICE
EW phrases encapsulate the despair of the Indian litigant more powerfully than Sunny Deol's anguished outburst in Damini: \"Tareekh pe tareekh\" (hearing after hearing).
3 mins
October 24, 2025
The New Indian Express Nagapattinam
High on drugs, Indian-origin truck driver kills three in US crash; held
A 21-year-old Indian-origin truck driver, Jashanpreet Singh, who had reportedly entered the US illegally in 2022, has been arrested for causing a semi-truck crash in California's Ontario that snuffed out three lives and injured at least four other people on Tuesday.
1 mins
October 24, 2025
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