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Tag: Mehul Choksi

Mehul-Choksi
Mehul Choksi's Company Tops RBI's List Of Wilful Defaulters

New Delhi: The Reserve Bank of India (RBI) has for the first time released a list of top 30 wilful defaulters in response to an RTI application. The list contains the names of usual suspects with absconder Mehul Choksi’s Geetanjali Gems topping the list, followed by REI Agro, Winsome Diamonds, Ruchi Soya, Rotomac Global, Kingfisher […]

Mehul-Choksi
Mehul Choksi cheated Punjab & Sind Bank of Rs 441 mn

Mumbai: The public sector Punjab & Sind Bank (PSB) has revealed around Rs 441 million loan exposure to the absconding diamantaire Mehul Chinubhai Choksi, here on Saturday. This is the first time the 111-year-old bank has come clean on the default perpetrated by Choksi, who has now settled as a citizen of Antigua & Barbados, […]

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Oriental Bank reveals loan exposure to Nirav Modi, Choksi

Mumbai: For the first time, the public sector Oriental Bank of Commerce (OBC) has come clean on its loan exposure to the absconding diamantaires Nirav Modi and his uncle Mehul C. Choksi, here on Friday. The development comes ahead of the OBC’s upcoming merger with the Punjab National Bank (PNB) which – in February 2018 […]

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INX Media Case: P Chidambaram In SC Offers To Remain In CBI Custody Till Sept 2

New Delhi: In an unprecedented plea, former finance minister P Chidambaram Thursday offered in the Supreme Court to remain in CBI’s custody till September 2 in the INX Media corruption case. Chidambaram, who was arrested on August 21, is in the CBI custody till Friday and will be produced before the concerned trial court tomorrow […]

Choksi
ED Attaches Rs 24.77 Cr Of Properties Of Choksi

New Delhi: The Enforcement Directorate (ED) attached immovable properties, valuables, vehicles and bank accounts with a total value of Rs 24.77 crore of fugitive diamond trader Mehul Choksi. The action was taken under the Prevention of Money Laundering Act, 2002 in connection with the Punjab National Bank fraud case. The ED has attached three commercial […]

choksi
ED attaches Rs 24.77 cr of properties of Mehul Choksi

New Delhi: The Enforcement Directorate (ED) attached immovable properties, valuables, vehicles and bank accounts with a total value of Rs 24.77 crore of fugitive diamond trader Mehul Choksi. The action was taken under the Prevention of Money Laundering Act, 2002 in connection with the Punjab National Bank fraud case. The ED has attached three commercial […]

Mehul-Choksi
Mehul Choksi could be extradited to India: Antigua PM

Antigua/New Delhi: Bank fraud fugitive Mehul Choksi may be extradited to India after Antigua’s Prime Minister Gaston Browne said the citizenship of the billionaire diamond trader will be revoked by the Caribbean country after he exhausts all his legal options, according to a media report. Choksi, 60 and his nephew Nirav Modi, who is currently […]

Mehul
ED offers to provide air ambulance to bring Choksi back

New Delhi: The Enforcement Directorate (ED) on Saturday rejected a plea by fugitive diamantaire Mehul Choksi that he should be questioned in Antigua because of his health condition and said it can arrange air ambulance with medical experts to bring him back to India for interrogation in connection with the PNB fraud case. Choksi, who […]

PNB
PNB slips back into loss of Rs 4,750 crore in Q4

New Delhi: State-run Punjab National Bank (PNB) on Tuesday posted a loss of Rs 4,750 crore in the fourth quarter of the last fiscal ended March, against the net profit of Rs 13,417 crore in the same period a year ago, the bank said. PNB slipped back into losses during the quarter in consideration after […]

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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 […]

Mehul
Mehul Choksi cries foul, claims real scam culprits free

New Delhi: Key accused in the PNB fraud case, Mehul Choksi on Monday said that the actual culprits of the Rs 14,000 crore fraud are roaming free and being protected, while he has been implicated without any evidence. In a statement, Choksi accused Debajyoti Dutta, proprietor of Rishika Financials and Gokulnath Shetty, Deputy Manager of […]

PNB
PNB fraud: ED arrests Choksi's Hong Kong firm director

New Delhi: The Enforcement Directorate on Tuesday said that it has arrested from Kolkata a director of a shell company of fugitive diamentaire Mehul Choksi in the Rs 13,500 crore Punjab National Bank (PNB) fraud case. “We have arrested Deepak Krishna Rao Kulkarni from Kolkata Airport on the basis of a Look Out Circular (LOC) […]

Mehul-Choksi
Interpol's panel to decide Choksi's red corner notice request in October

New Delhi: The pending Red Corner Notice (RCN) against fugitive Indian diamentaire Mehul Choksi will be taken up in the internal committee meeting of the Interpol next month, officials said here on Friday. “The issue of Choksi would be taken up in the Interpol’s internal committee meeting in October in United Kingdom’s Manchester,” a Central […]

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PNB fraud: Choksi denies any truth in allegations

New Delhi: Fugitive diamond jeweller Mehul Choksi, who is wanted by Indian investigative agencies in the Rs 13,500 crore Punjab National Bank (PNB) fraud case, has denied “any truth in the allegations”. In a statement issued to a Caribbean newspaper ‘Antigua Observer’, Choksi through his attorney David Dorsett said: “I can say categorically, that there […]

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PNB fraud: ED seizes jewellery worth Rs 85 cr in Choksi case

New Delhi: The ED on Thursday seized over 34,000 pieces of jewellery valued at Rs 85 crore in connection with its ongoing probe against absconding businessman Mehul Choksi who is accused along with his diamantaire nephew Nirav Modi of defrauding the Punjab National Bank (PNB) of over Rs 1,300 crore, an official said. The seized […]

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Odisha govt scraps gems and jewellery park by Gitanjali group

Bhubaneswar: The Odisha government has scrapped the Rs 636-crore gems, jewellery, lifestyle and luxury goods park which was to be set up by Gitanjali Infratech Ltd, an official said on Friday. The development comes in the wake of the multi-crore PNB scam and there is no one from the company, owned by Mehul Choksi-run Gitanjali […]

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Non-bailable warrants issued against Nirav Modi, Mehul Choksi

Mumbai: A special CBI court here on Sunday issued non-bailable warrants (NBWs) against diamantaire Nirav Modi and his uncle Mehul Choksi in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud. The court’s move comes following Central Bureau of Investigation (CBI) request as both the diamond traders, who left the country in January, refused […]

PNB-fraud
PNB fraud: CBI questions former RBI Deputy Governor

New Delhi: The CBI on Friday questioned the Reserve Bank of India’s (RBI) former Deputy Governor Harun Rashid Khan in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi, an official said. Informed sources said Khan was also questioned in connection with alleged benefits to […]

CBI
Nirav Modi fraud: CBI quizzes PNB general manager

New Delhi/Mumbai: The Central Bureau of Investigation (CBI) on Monday said it questioned a General Manager of the Treasury Division of Punjab National Bank (PNB) in connection with its ongoing probe into Rs 12,600-crore bank fraud case involving diamond jeweller Nirav Modi and his uncle Mehul Choksi of Gitanjali Group. “The agency officials today (Monday) […]

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Mumbai court issues non-bailable warrants against Nirav, Choksi

Mumbai: A PMLA court here on Saturday issued non-bailable warrants (NBWs) against absconder diamantaires Nirav Modi and his uncle and business partner Mehul Choksi in the Rs 12,600-crore (almost $2 billion) Punjab National Bank fraud. The NBWs, issued by the Prevention of Money Laundering Act court Judge M.S. Azmi, will facilitate the extradition of Modi […]

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PNB fraud: Blue Corner notice issued against Nirav Modi, Choksi

New Delhi: A Blue Corner notice was issued on Wednesday against diamond jeweller Nirav Modi and his uncle Mehul Choksi of Gitanjali Group in connection with the Rs 12,600-crore Punjab National Bank (PNB) fraud case, an official said. An Income Tax department official said the Blue Corner notice — to locate, identify or obtain information […]

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PNB fraud: ED seizes Rs 94cr assets, luxury cars of Nirav Modi, Choksi

Mumbai/New Delhi: The ED today said it has frozen mutual funds and shares worth Rs 94.52 crore of the Nirav Modi and Mehul Choksi groups in connection with a money laundering probe against them in the Rs 11,400-crore alleged fraud at the Punjab National Bank (PNB). It also seized nine high-end luxury cars of Modi […]

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Nirav Modi's letter smacks of arrogance, what will government do, asks Congress

New Delhi: The Congress on Tuesday said the purported letter written by jeweller Nirav Modi, who is allegedly involved in Rs 11,300 crore PNB scam, smacks of arrogance and asked Prime Minister Narendra Modi and Finance Minister Arun Jaitley that if the letter is authentic, what action would be taken against him. It also asked […]

money
Op-Ed: PSU Banks’ Mantra: Punish The Needy, Reward The Greedy

The next time you go to a bank and find a pen worth the princely sum of Rs. 2 dangling from a string at the counter, you are bound to remember the Rs. 11, 500 crores that the nephew-uncle duo of Nirav Modi and Mehul Choksi managed to polish off neatly from the Punjab National […]