Mere hours after Antigua and Barbuda’s Citizenship by Investment Unit (CIU) produced what it says are “facts” about fraud accused Indian billionaire who was granted citizenship by the CIU, Indian authorities are saying some of the “facts” are untrue.
Here’s a copy of what the Securities and Exchange Board of India said in a press release this morning.
Aug 03, 2018PR No.: 32/2018
Clarification on news item.
This is with reference to a news item published in a section of media headlined “MEA, SEBI provided positive report on Mehul Choksi in 2017, says Antigua’s CIU”. The news item, inter-alia, states that “According to the Antiguan authorities, even SEBI provided a positive report when asked about Mehul Choksi. The CIU received documentation of two instances in which the Securities and Exchange Board of India (SEBI), in 2014 and 2017, opened investigations on a corporate entity owned by Choksi. We requested updates on the status of the investigations and received documentary confirmation, issued by the SEBI stating that in one case, the matter had been satisfactorily closed, and indicating in the other that there is not sufficient evidence to pursue the matter further.”In this connection, it is clarified as follows:“SEBI has neither received any request from the Citizenship by Investment Unit (CIU) of Antigua for updates on any investigation nor provided any such information to CIU”.