Operation targeting 'high-value' economic offenders may conclude by Jan 29


New Delhi, Jan 26 (IANS): The operation to bring back "high-value" economic offenders from the West Indies is likely to be concluded by Tuesday (January 29), sources have confirmed.

The mission involving a long-haul Air India jet, which has been pulled out of the fleet, will carry a team of investigating officers tasked to get hold of the fugitives. The number of "assets" being the target is not yet known though diamantaire Mehul Choksi and Winsome Diamonds promoter Jatin Mehta have taken citizenship in the Caribbeans.

 

The officials are tight-lipped but are on stand-by. Elaborate security arrangements have been put in place.

Mehta became a citizen of St Kitts and Nevis some years ago while Choksi has taken Antigua and Barbuda citizenship recently. These islands provide visa-free travel to 132 countries. Both St. Kitts and Antigua have airfields that can accommodate wide-body aircraft. It is not clear if they will be picked from one location for multiple destinations.

The lack of extradition treaties has made these islands a safe haven for India's uber rich. Other countries such as Grenada, St Lucia and Dominica also have similar citizenship by investment programmes.

Dominica and St Lucia give citizenship and a valid passport for just $100,000 (over Rs 70 lakh) which is chump change for ultra-rich Indians on the run.

  

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Comment on this article

  • Jennifer, Mangalore

    Sun, Jan 27 2019

    Jan. 29 is ten years from now. By then, the money moguls will make sure that any treaties coming up will be applicable to new cases, not to existing one. And, before your treaty is ready, many may have packed bags to settle in one of the islands.

    Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sun, Jan 27 2019

    Last year you said "Within One Month" ...

    Reply Report Abuse


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Title: Operation targeting 'high-value' economic offenders may conclude by Jan 29



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