Patriarch Nand Lal Khemka: An NRI for many years, we ‘comply with all related laws, required disclosures’. Patriarch Nand Lal Khemka: An NRI for many years, we ‘comply with all related laws, required disclosures’. Appleby has listed Khemka, along with his two sons and their flagship foundation — The Nand and Jeet Khemka Foundation — as PEPs (Politically Exposed Persons). In one, for instance, there is an entry of how Nand Lal Khemka has “the potential of purchasing a yacht”. A 2007 remittance of $18 million to Nand Lal Khemka for purchase of a property in India.

Source: Indian Express November 06, 2017 22:52 UTC