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Delhi Court Declares Siddharth Khera Absconder in Rs 400 Crore Seagull Maritime Fraud Case
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Moneycontrol•20-10-2026, 16:25
Delhi Court Declares Siddharth Khera Absconder in Rs 400 Crore Seagull Maritime Fraud Case
- •A Delhi court has officially declared Siddharth Khera an absconder in the Rs 400 crore Seagull Maritime Agencies Pvt Ltd fraud case.
- •Judicial Magistrate First Class Deepakshi Rana directed the police to register a fresh FIR against Khera after he failed to appear following Section 82 proceedings.
- •The Supreme Court previously permitted investigators in September 2024 to explore diplomatic channels to seek Khera's deportation from the United States.
- •The Economic Offences Wing filed an FIR in January 2022 alleging cheating, forgery, and criminal conspiracy by diverting business and payments to Azure International LLC.
- •Co-accused Ajay Khera was arrested in September 2022 and later granted bail, while pleas for other family members have faced rejections in court.
Key Questions Answered
A Delhi court declared Siddharth Khera an absconder because he failed to appear before the court even after the 30-day proceedings under Section 82 of the Code of Criminal Procedure had lapsed.
Siddharth Khera and his father, Ajay Khera, are accused of diverting Seagull's business and payments to Azure International LLC and a related firm, prompting an Economic Offences Wing FIR for cheating, forgery, criminal breach of trust, and criminal conspiracy.
In September 2025, the Supreme Court permitted the investigating agency to explore diplomatic channels to seek the deportation of main accused Siddharth Khera, who was living in the United States.
