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Tag: Gitanjali Gems

Mehul-Choksi
PNB ruined Gitanjali Gems to hide its misdeeds: Choksi

New Delhi: Key accused in the PNB fraud case, Mehul Choksi on Thursday said the state-run Punjab National Bank intentionally “destroyed” Gitanjali Gems, the luxury brand owned by him, with an aim to hide its “own wrongdoings”. He said that the company should not have been taken for liquidation and kept afloat instead, even if […]

gitanjali-gems
PNB attributes recent additional Rs 1,300 cr fraud to Gitanjali

Mumbai: The recently announced escalation in the Punjab National Bank (PNB) fraud amount by Rs 1,300 crore is attributable to Nirav Modi’s uncle Mehul Choksi-owned Gitanjali Gems, the bank said in a clarification on Thursday. In a note to the stock exchanges, PNB said the latest fraud was committed on March 2, 2017. With this, […]

PNB Gitanjali Gems
Gitanjali Gems plunge 10%, PNB stocks trade 8% lower

Mumbai: Shares of Gitanjali Gems extended losses for the fourth consecutive session on Monday — plunging almost 10 per cent to its lower circuit level at Rs 33.80 per scrip. The shares continued the plunge a day after the Enforcement Directorate (ED) conducted search operations in six franchise-based outlets located in four malls in Kolkata […]