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Jun 12, 2021 · Mehul Choksi and his nephew Nirav Modi are wanted in India for allegedly siphoning Rs 13,500 crore of public money from the state-run Punjab National Bank (PNB) using fraudulently acquired letters of undertaking (LoUs). Diamantaire Mehul Choksi went missing on May 23 from Antigua and Barbuda, where he had been staying as a citizen since 2018 ...
Jun 25, 2019 · The case against Mehul Choksi. In February 2018, PNB disclosed a Rs 13,400 crore fraud by Mehul Choksi and his nephew Nirav Modi, following which CBI filed an FIR against both. The bank alleged that Choksi, Modi and companies linked to them colluded with a former PNB employee Gokulnath Shetty to pull off the fraud.
Apr 15, 2023 · Mehul Choksi, the diamantaire who is wanted in India in connection with ₹13,000 crore fraud, cannot be removed from Antigua and Barbuda, the country's High Court said on April 14 as it gave the ...
Choksi’s lawyers have alleged the businessman was abducted from Antigua and Barbuda, where he is a citizen, and brought to Dominica in a vessel and then tortured in custody. Mehul Choksi. (File ...
Mar 20, 2023 · IN A major setback for the CBI and India’s efforts to get fugitive jeweller Mehul Choksi back, the Interpol has withdrawn the Red Corner Notice (RCN) issued against the key accused in the Rs 13,500-crore PNB loan fraud case. The notice is now unavailable on Interpol’s website. Choksi’s lawyer in India, Vijay Aggarwal, said, “Because of ...
Apr 15, 2023 · Mehul Choksi and the Punjab National Bank scam As the chairman of Gitanjali Gems, a prominent jewellery retail chain, Choksi was once celebrated as a prominent figure in the Indian diamond industry. At the heart of his fall from grace is the alleged scam involving Punjab National Bank (PNB), one of India’s largest public sector banks.
May 27, 2021 · What are the cases in which Mehul Choksi has been booked? Choksi is facing criminal proceedings by both CBI and Enforcement Directorate (ED). The CBI had first named Choksi and his firms including Gitanjali Gems along with others in 2018 based on a complaint received by Punjab National Bank (PNB) for alleged issuance of fraudulent Letters of Undertaking in their favour causing losses to the bank.
