Mehul Choksi
PNB fraud case: Enforcement Directorate seeks to attach Mehul Choksi's Thailand factory
Fri, Jan 04, 2019
Mehul Choksi and his nephew Nirav Modi are under probe by both Central Bureau of Investigation (CBI) and ED. The ED filed money laundering cases against them and others on February 15 on the basis of an FIR registered by the CBI.
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Indian banks may take more than $3 billion hit from PNB fraud: tax department
Fri, Dec 28, 2018
According to a complaint by PNB, the biggest fraud in Indian banking history involved two junior officials at a Mumbai bank branch issuing "letters of undertaking" to firms linked to Modi and Choksi for them to obtain credit from overseas branches of other Indian lenders.
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How SBI, ICICI Bank will get Mehul Choksi led Gitanjali Gems to pay its Rs 6000 cr debt
Wed, Sep 12, 2018
Bankers are taking disgraced Gitanjali Gems, promoted by fugitive diamantaire Mehul Choksi, to insolvency resolution under the National Company Law Tribunal (NCLT) after exploring the possibilities of recovering their dues via the Debt Recovery Tribunal, multiple people in know of the development told DNA Money.
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PNB fraud case: Mehul Choksi in video message says ED allegations ‘false and baseless’
Tue, Sep 11, 2018
In a 15-second ANI video, the jeweller said, “All allegations levelled by the ED are false and baseless. They have attached all my properties illegally without there being any basis of the same."
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$2-billion PNB scam: Mehul Choksi's US co Samuel Jewelers opposes probe plan
Mon, Sep 10, 2018
This comes days after a separate US examiner probe turned up crucial evidence linking Nirav Modi’s American jewellery firms to the alleged fraud. PNB and the US Trustee both want a US court-appointed examiner to probe, among other things, the nature and extent of any involvement of Samuels Jeweler’s executives in the fraud.
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Nirav Modi, Choksi's illegal bungalows in Alibaug to be razed: Minister
Wed, Aug 22, 2018
Authorities have been directed to demolish "illegal" bungalows of fugitive diamond traders and PNB scam accused Nirav Modi and Mehul Choksi situated in Raigad district, a Maharashtra minister said today, days after the High Court here pulled up state government for not taking action against the buildings.
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PNB fraud-accused Mehul Choksi's Gitanjali Gems, 8 other firms can't trade in shares from September 9. Here's why
Sun, Aug 19, 2018
Leading exchanges BSE and NSE will suspend trading in shares of as many as nine firms, including banking fraud accused Mehul Choksi's Gitanjali Gems, from September 10.
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Mehul Choksi firm files for bankruptcy in US, blames bank fraud allegations in India
Thu, Aug 09, 2018
Samuels Jewelers, Inc, controlled by Mehul Choksi, has filed for Chapter 11 bankruptcy in the US. The company, with over $100 million in debt, claims that allegations of bank fraud against executives of Gitanjali Gems, its parent company in India, have damaged its business and worsened financial problems.
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Choksi given citizenship after NOC from India : Antigua
Sat, Aug 04, 2018
Fugitive Indian jeweller Mehul Choksi, wanted in a Rs 13,500 crore bank fraud, was given Antiguan citizenship after "stringent background checks" and a clearance certificate from the Indian authorities, the Antiguan government has said.
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Panel seeks changes in passport Act to prevent fraudsters from fleeing India
Sun, Jul 29, 2018
An inter-ministerial panel has submitted recommendations to the Home Ministry to tighten the Passport law to prevent defaulting promoters and fraudsters like Vijay Mallya, Nirav Modi and Mehul Choksi from fleeing the country.
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PNB scam: CBI seeks whereabouts of Mehul Choksi from authorities in Antigua
Thu, Jul 26, 2018
Choksi's actions show that he had planned in advance his escape and subsequent life knowing that the scam would blow up after the retirement of PNB employee Gokulnath Shetty who was helping him with renewals of Letter of Undertakings, the source told PTI, adding that he escaped the country in the first week and took the oath of allegiance in Antigua on January 15.
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PNB scam: Mehul Choksi moves to Antigua, gets local passport
Tue, Jul 24, 2018
Mehul Choksi, who is accused of defrauding Punjab National Bank of $2 billion along with his nephew, diamond tycoon Nirav Modi, fled India before the accusations came to light, stated in his court application that he could not disclose his location in public because of the threat to his life.
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PNB scam: Now Mehul Choksi fears 'mob lynching' in India
Tue, Jul 24, 2018
One of the main defendants in India’s largest bank fraud case made a court application on Monday for cancellation of an arrest warrant against him, citing fears for his life because of a growing number of mob lynchings in the country.
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Govt attempts for no more Nirav Modi, Vijay Mallya like cases; Be aware! The ones holding overseas citizenship
Wed, Jul 18, 2018
According to official sources, in an attempt to stop defaulting promoters from fleeing the country, the government has set up a high-level committee headed by Financial Services Secretary Rajiv Kumar to look at various measures and suggest changes in existing laws, reported in The Financial Express.
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