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By:

Kiran D. Tare

21 August 2024 at 11:23:13 am

Breaking the Peloton

Harshita Jakhar’s appearance at the Tour de France Femmes is signals India’s arrival in sporting arenas long dominated by Europe. India’s sporting successes have traditionally been concentrated in disciplines where geography or colonial legacy created favourable conditions. While cricket grew into a national religion, hockey delivered decades of global dominance. Wrestling, badminton, shooting and now, increasingly, chess have flourished through sustained investment and nurturing of talent. ...

Breaking the Peloton

Harshita Jakhar’s appearance at the Tour de France Femmes is signals India’s arrival in sporting arenas long dominated by Europe. India’s sporting successes have traditionally been concentrated in disciplines where geography or colonial legacy created favourable conditions. While cricket grew into a national religion, hockey delivered decades of global dominance. Wrestling, badminton, shooting and now, increasingly, chess have flourished through sustained investment and nurturing of talent. Yet some disciplines have remained stubbornly foreign. The Tour de France, for instance, with its punishing mountain stages, century-old European traditions and deeply entrenched professional circuits, belonged firmly to this category. This seemingly impregnable bastion has now been breached by 19-year-old Harshita Jakhar, whose recently became the first Indian woman to feature at the Tour de France Femmes, cycling alongside emerging riders from Afghanistan, Algeria, Chile, Ethiopia, Namibia and Uganda under the Union Cycliste Internationale’s World Cycling Talent Programme. While Harshita’s ride through the ceremonial opening of Stage Two of the 2026 Tour de France Femmes may have lasted barely 4.5 kilometres, it was a moment of great import and symbolism. The Tour de France is to cycling what Wimbledon is to tennis. It has been built over generations of mythology and European dominance. For Indian cyclists, merely entering that ecosystem has long seemed a distant aspiration. Harshita’s entry was a signal that despite the barriers still remaining formidable, they are no longer insurmountable. Her participation in this elite event mirrors a broader transformation in Indian sport. With a rise in incomes and an improvement in sporting infrastructure, upwardly mobile Indian families are willing to back unconventional careers. As a result, many young Indians are now venturing into disciplines once regarded as almost exclusively European preserves. Alpine skiing, equestrian events, sailing, rowing and endurance cycling are no longer exotic curiosities reserved for white men and women. The pattern extends well beyond cycling. In 2009, Reena Kaushal Dharmshaktu became the first Indian woman to ski from the Antarctic coast to the South Pole in 2009, while Kaamya Karthikeyan reached the Pole last year as the youngest Indian to do so. Their achievements have expanded the boundaries of what Indians could plausibly aspire to achieve. Harshita’s ride belongs to this tradition. Her own journey has been remarkably grounded. Raised in Rajasthan, she trained at the Sports Authority of India’s National Centre of Excellence in Patiala under the watchful eye of her father, Rakesh Jakhar, himself a former cyclist who competed at the 2010 Commonwealth Games in New Delhi. She snared three gold medals at the 2025 Khelo India Youth Games, which announced her as one of India’s brightest cycling prospects. Earlier, she had collected a silver and two bronze medals at the 2024 Asian Junior Cycling Championships, demonstrating that her promise extended well beyond domestic competition. Cycling presents challenges unlike most Olympic sports with a lot riding on the quality of sporting ecosystems. Unlike India, Europe possesses thousands of kilometres of dedicated cycling routes, professional clubs, sophisticated racing calendars and generations of accumulated expertise. Young riders grow up immersed in a culture where road racing is woven into everyday life. India is only beginning to construct comparable foundations. That makes programmes such as the UCI World Cycling Talent Programme especially valuable. For talents like Harshita, exposure to elite competition cannot be replicated in training camps alone. Riding alongside the world’s best, absorbing tactical nuances, learning race management and simply becoming comfortable within cycling’s highest circles all contribute towards the fulfilment of promise. India’s sporting story increasingly depends on precisely these forms of international integration. Two decades ago, an Indian woman participating in an event associated with the Tour de France would have seemed implausible. But Harshita’s presence has now shattered those barriers. By representing India at one of cycling’s grandest stages, Harshita has expanded the country’s sporting horizon. Young Indian cyclists watching her in Switzerland may now imagine themselves competing in races that previously existed only on television. Her appearance, however symbolic, is part of a tradition where young Indians have begun appearing in sports like Formula racing, rowing, fencing, squash and equestrian events - disciplines that once seemed distant from the country’s sporting DNA. For generations, the peloton belonged almost entirely to Europe. Now, it is making room for the rest of the world. Harshita Jakhar’s ride in Switzerland has shown that India now belongs to the conversation.

India waits to lasso diamantaire Mehul Choksi

Mumbai: India rubbed its hands gleefully as the Belgium Police honoured its request to arrest the absconder diamantaire Mehul Chinubhai Choksi – more than seven years after he, along with his nephew Nirav Deepak Modi - allegedly duped the Punjab National Bank of nearly Rs. 13,800-crores.

 

The scam involving the ‘Mehul Mama-Nirav Bhanja’ erupted in Jan 2018, after the PNB lodged a complaint with the Central Bureau of Investigation (CBI).

 

By then the kin, along with many of their family members, winked and slipped out of the country, leaving a rattled India rubbing its palms in disappointment.

 

A political-cum-financial storm raged, embarrassing the Bharatiya Janata Party government of Prime Minister Narendra Modi a year before the Lok Sabha elections.

 

Multiple agencies launched a multi-pronged probe into what became the biggest banking scam in the past quarter century – and almost four times bigger than the stock market-cum-banking fraud the late Big Bull Harshad Mehta had inflicted on the Indian economy 33 years ago (in April 1992) – when it was just opening up.

 

In Belgium

According to official reports, Choksi was living with his Belgium citizen-wife Preeti in Antwerp, a global diamond hub, presumably for the past 18 months on a ‘residency permit’ acquired through questionable means, for medical reasons.

 

Earlier, he shot to the headers (June 2021) while being taken in a wheelchair to a court by the Dominican Republic's Police on charges of sneaking into the small country in the Caribbean Sea, North America.

 

Interestingly, as the Antigua & Barbuda government initiated the process to cancel his citizenship acquired through an investor visa, Choksi had suddenly gone ‘missing’ till he surfaced in the Dominican Republic.

 

The April 2025 action by Belgium followed a request by India’s CBI and the financial frauds specialist Enforcement Directorate (ED) to nab Choksi as the InterPol had revoked his Red Corner Notice in 2023.

 

Mama and Bhanja

‘Mama’ Choksi is the founder-owner of Gitanjali Group while ‘bhanja’ Nirav’s Firestar plus other companies – and the duo, with some PNB officials hand-in-glove – conspired to make a ‘mamu’ of not only PNB, but other banks, as it subsequently tumbled out.

 

After making a quiet exit, Choksi was detected living in the verdant Antigua & Barbuda Isles (West Indies), then attempted entry to the Dominican Republic, was sent back to Antigua & Barbuda and then went to Belgium where he was nabbed on Sunday.

 

Similarly, Modi was found sauntering on the streets of London and nabbed in March 2019. He remains in jail there since India's extradition is still pending.

 

However, India is keeping its fingers crossed that it may finally lay hands on Choksi, bring him to India and face trial in the PNB scam, though it may take time.

 

Born in Mumbai (1959) and educated in Gujarat, Choksi, 66, and wife Preeti have three children.

 

The Rs. 13,800-crore PNB scam

In the modus operandi revealed after India’s second-largest PSU bank PNB admitted it was scammed, Choksi and Modi used fraudulent Letters of Undertaking (LoU) to get overseas credits or loans from Indian banks.

 

The PNB first informed the Reserve Bank of India (RBI) of the fraud and then lodged a criminal complaint with the CBI in Jan. 2018, plus another CBI complaint in Feb, that led to a FIR against Modi and Choksi and their companies.

 

The ED entered the scene to probe the allegations of money-laundering through the LoUs – which they allegedly misused to avail short-term business finances from foreign branches of Indian banks.

 

The probe said that the duo were availing the LoUs from the PNB’s Brady House Branch from March 2011, and over the next six-seven years, managed to get a whopping 1,200-plus LoUs like a breeze with the help of some friendly bankers within.

 

Post-scam, the gold-diamond companies Gitanjali Group and Firestone Group with multiple operations in India and abroad have largely wound up, while some personal assets of the mama-bhanja have been auctioned to recover a part of the dues.

 

ED's plea to declare Choksi fugitive stuck for seven years

Even as absconding diamantaire Mehul Choksi, a key accused in the Punjab National Bank loan fraud case, has been arrested in Belgium, the ED's plea to declare him a fugitive economic offender has been pending before a court in Mumbai for nearly seven years.


Choksi, 65, and his nephew diamantaire Nirav Modi are the prime accused in the Rs 13,000 crore PNB bank loan fraud case. Choksi was arrested in Belgium following an extradition request by Indian probe agencies, official sources said on Monday.


The Enforcement Directorate had filed the application in July 2018, seeking to declare Choksi an FEO and confiscate his assets under provisions of the Fugitive Economic Offenders Act.


However, the matter has witnessed repeated delays owing to a barrage of applications filed by the accused in the PMLA court and the Bombay High Court alleging procedural lapses in the Enforcement Directorate's plea.


"The court is kept busy with frivolous applications, and hearing on our application to declare him (Choksi) an FEO has been adjourned for the past seven years,” an ED officer had said after the hearing was once again deferred this February.


"The court should have continued the hearing and taken a decision on the future course of action once the application was moved," the officer had said.

He had urged the court to take note of the repeated filing of similar applications and to not entertain them.


Choksi's lawyer had informed the court that the accused was undergoing treatment for suspected cancer in Belgium and intended to file an application in connection with his health.


Under the FEO Act, an individual can be declared a Fugitive Economic Offender if a warrant has been issued against him for an offence involving Rs 100 crore or more and he has left India while refusing to return. Once declared an FEO, the person's property can be confiscated by the investigating agency.


Choksi had challenged the ED's application in the Bombay High Court, alleging that the agency "had not followed proper procedure before filing the application and, hence, it stands vitiated".


However, in September 2023, the High Court dismissed his plea, ruling that the ED had adhered to the prescribed format under the FEO Act. It also vacated a stay on the special court's proceedings.


Despite this, the hearing on declaring Choksi FEO could not commence, with Choksi continuing to file applications before the special court through his lawyers.


While most of these pleas have been dismissed, a few remain pending. His latest attempt to stall proceedings through a plea to recall the notice issued on the ED's FEO application was rejected in December 2023.


According to ED officials, Choksi left India under suspicious circumstances in early January 2018.


Shifting stance

Choksi's counsel has argued that the ED kept shifting its stance on the material grounds for declaring him an FEO and that the suspension of his Indian passport made it impossible for him to return for investigation.

The court, however, rejected this argument, stating that the notice was issued based on accurate information and not based on "wrong facts or mistaken assumptions".


ED claimed the accused left the country under suspicious circumstances in the first week of January 2018.


Nirav Modi has already been declared as an FEO by the special court. He has been lodged in jail in London since 2019.

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