Mehul Choksi Booked by CBI for Duping IFCI of Rs22 Crore
The central bureau of investigation (CBI) on Monday said that they have lodged a new case against fugitive businessman Mehul Choksi and his company Gitanjali Gems for allegedly defrauding the Industrial Finance Corporation of India (IFCI) to the tune Rs22 crore between 2014 and 2018.
 
Mr Choksi, who is wanted in India by CBI and the enforcement directorate (ED) in the Rs13,500 crore Punjab National Bank (PNB) fraud case, had gone missing from Dominica on 23rd May, last year sparking a massive manhunt.
 
He was captured in Dominica on 26th May.
 
A Dominican court had restrained his deportation after hearing a habeas corpus filed by Choksi's lawyers.
 
Mr Choksi has been residing in Antigua and Barbuda since 4 January 2018, days before the CBI registered the case of bank fraud against him and his nephew, absconding diamantaire Nirav Modi Nirav Modi, among several others.
 
The CBI and ED, which have filed separate charge-sheets in the case, are trying for his extradition.
 
On 11th April, Subhash Shankar, a close aide of Nirav Modi has been deported to Mumbai from Cairo by CBI in connection with the PNB fraud case.
 
Mr Shankar was DGM (deputy general manager) Finance in Nirav Modi's company. A red corner notice was issued against him.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Comments
saharaaj
2 months ago
what pea nuts for elefants
kpushkar
2 months ago
Choksi and Nirav Modi disappeared from news .. may be until next election
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