INDIA SAYS ANTIGUA CBI AGENCY DID NOT PERFORM NECESSARY DUE DILIGENCE INQUIRY ON INDIAN FRAUDSTER

INDIA SAYS ANTIGUA CBI AGENCY DID NOT PERFORM NECESSARY DUE DILIGENCE INQUIRY ON INDIAN FRAUDSTER

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The Indian fraudster and fugitive, Mehul Choksi, was granted a CBI passport by the Citizenship by Investment Unit (CIU) of Antigua & Barbuda, in November of 2017, without previously conducting even a modicum of due diligence in advance, and later lying about it when Antigua media, and the voters of the country, demanded answers. This is proof positive that a complete housecleaning at CIU is in order.

HOW THE LEGAL SYSTEM WORKS IN ANTIGUA

When the CIU was confronted on the issue, it alleged that INTERPOL was consulted during the due diligence process, but the Indian government agency that handles such inquiries, the Central Bureau of Investigation, has stated that it received no such inquiry. This means the Antigua CBI made a material misrepresentation of the facts surrounding its due diligence efforts.

MEHUL CHOKSI FRAUDSTER FUGITIvE FLEES TO ANTIGUA

This was not some five-year-old case; Choksi got his passport at the end of 2017. It is conclusive proof that Antigua's CIU continues to approve criminal applicants for CBI passports, without any meaningful due diligence whatsoever. Without meaningful Enhanced Due Diligence in place, you can expect to see much more of the same in 2018.

Chronicles of Monte Friesner - Financial Crime Analyst  

Contributed by Kenneth Rijock - Financial Crime Consultant