Mehul Choksi
PNB fraud accused Mehul Choksi cheated Punjab & Sind Bank of Rs 441 mn
Sat, Oct 12, 2019
With this, Choksi joins the bank`s band of 27 other defaulters from different fields, based mainly in New Delhi, Punjab and Chandigarh, one in Lucknow, Uttar Pradesh and two in Chennai, Tamil Nadu, against whom it has filed recovery suits.
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PNB fraud case: Interpol issues red corner notice against Nirav Modi's brother
Fri, Sep 13, 2019
PNB fraud case: After its probe found that Nehal Modi intentionally assisted his brother in concealing the alleged laundering of money and destroying evidence, the ED filed a charge sheet against him before the special PMLA court in Mumbai and the court had issued two separate open ended non bailable warrants against him.
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PNB Scam: Mehul Choksi says not related to firm involved in PNB fraud, claims innocence
Wed, Mar 27, 2019
In a statement issued by his lawyers, Mehul Choksi said the raids against him were on the basis of "an old and dated 'Know Your Customer' (KYC) document" submitted by him to the Punjab National Bank in 1995.
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Operation targeting 'high-value' economic offenders may conclude by Jan 29
Sun, Jan 27, 2019
The lack of extradition treaties has made these islands a safe haven for India's uber rich . Other countries such as Grenada, St Lucia and Dominica also have similar citizenship by investment programmes.
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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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