Skip to content
Search

Latest Stories

Dominica prime minister says court will decide future action on Choksi

Dominica prime minister says court will decide future action on Choksi

DOMINICA prime minister Rooseveltt Skerrit said courts will decide on the future course of action regarding the "Indian citizen" Mehul Choksi extradition.

In a first public statement since the fugitive businessman was held in the Caribbean nation, Skerrit said, "The rights of Mehul Choski will be respected," local media reported.


"The matter with this Indian citizen is before the courts. The courts will decide what happens to the gentleman and we will allow the court process to go through. I do not like to get involved by making public statements in these matters," Skerrit said.

"His rights will be respected as has been done thus far and let the court decide what will happen. We have no issues in so far as the matter relates to Antigua and or India, we are part of our own community and we must recognize our duties and responsibilities in this regard," he added.

Choksi had mysteriously gone missing on May 23 from Antigua and Barbuda where he has been staying since 2018 as a citizen. His lawyers alleged that he was kidnapped from Jolly Harbour in Antigua by policemen looking like Antiguan and Indian, and brought to Dominica on a boat.

He was arrested in Dominica on May 23 for illegal entry into the country and was denied bail by a magistrate court during a hearing on June 2.

Meanwhile, the Antigua police has begun investigations into the alleged kidnapping of the diamantaire to neighbouring Dominica after his lawyers filed a complaint there.

Besides, a Habeas Corpus petition filed by Choksi’s lawyers is pending before the Dominica High Court, which is likely to be taken up for hearing in July.

The diamantaire is wanted in a £1.32 billion loan fraud case related to the Punjab National Bank (PNB) in India.

A team of Indian officials had gone to Dominica to try deportation of Choksi, having pending Interpol Red Corner Notice, but returned last week after the High Court adjourned the matter.

Choksi is one of the main defendants in the loan fraud case related to the PNB, while his nephew Nirav Modi--also wanted in the case--is currently lodged in a London jail. Modi is contesting his extradition to India after repeated denial of his bail by courts.

More For You

Anil Agarwal

Vedanta Resources, which is based in the UK and owned by Indian billionaire Anil Agarwal, has been working on reducing its debt. (Photo credit: Getty Images)

Getty Images

Anil Agarwal’s Vedanta Resources signs £438 million refinancing deal

VEDANTA LTD said on Thursday that its parent company, Vedanta Resources, has signed a loan facility agreement worth up to £438 million with international banks to refinance existing debt.

The refinancing move, where old loans are replaced by new ones, often at better terms like lower interest rates, has led ratings agencies such as S&P Global Ratings and Moody's to upgrade their outlook on the company this year.

Keep ReadingShow less
Trump-Getty

Trump said that while deals are being made with some countries, others may face tariffs.

Getty Images

Trump says major trade deal with India may be finalised soon

US PRESIDENT Donald Trump on Friday said a "very big" trade deal could be finalised with India, suggesting significant movement in the ongoing negotiations between the two countries.

“We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India," Trump said at the “Big Beautiful Bill” event at the White House.

Keep ReadingShow less
Asda suffers nearly £600m loss as debt and IT costs surge

Asda co-ownerMohsin Issa. (Photo: Asda)

Asda suffers nearly £600m loss as debt and IT costs surge

ASDA, one of Britain’s largest supermarkets, has reported a pre-tax loss of £599 million for 2024, swinging sharply from a £180 million profit the previous year.

The loss comes despite total sales rising by over £1 billion to £26.8bn, as the retailer faces mounting debt costs, falling sales, and spiralling spending on a major IT overhaul, the Telegraph reported.

Keep ReadingShow less
Mounjaro

Mounjaro, or tirzepatide, is part of a new class of weight-loss medications, with trials showing patients losing an average of 20 per cent of their body weight after 72 weeks.

Reuters

Lilly to sell Mounjaro pens in India as Wegovy enters market

ELI LILLY said on Thursday that it has received approval from India's drug regulator to launch pre-filled injector pens of its weight-loss drug, Mounjaro.

The move gives the company more options to compete with Novo Nordisk, which recently launched its weight-loss drug Wegovy in the country.

Keep ReadingShow less
Grant Thornton's Anuj Chande urges UK firms to tap booming India

Anuj Chande

Grant Thornton's Anuj Chande urges UK firms to tap booming India

INDIAN companies are well placed to support the UK’s economic growth, Eastern Eye has been told by Anuj Chande, partner and head of the South Asia Business Group at Grant Thornton.

He was speaking after the publication of Grant Thornton’s India Meets Britain Tracker 2025: The latest trends in Indian investment in the UK, which was released last week. While companies in India need little encouragement to enter the UK market, the reverse is not true.

Keep ReadingShow less