'No adverse information' received against Mehul Choksi, says Antigua

The Antiguan authorities found two instances of Sebi action against Choksi's firms in 2014 and 2017 and sought more information on them

Antigua has claimed it was told by Indian agencies there was no adverse information against Mehul Choksi, when it did a background check on the fugitive billionaire, before granting him citizenship in 2017, as per a media report in the Caribbean nation. While the Antiguan authority responsible for the grant of investment-linked citizenship named Sebi as one of the agencies to have given such a clearance, the markets regulator rejected the claim.
 
Choksi’s application for citizenship in Antigua in May 2017 was accompanied with clearance from the local police as required by norms, Antiguan newspaper the Daily Observer reported,