MEHUL CHOKSI

A special anti-money laundering court suspended the non-bailable warrant against Sunil Varma, former Gitanjali Group executive linked to the PNB scam, allowing him to return to India for court appearance. Varma, accused alongside Choksi in the alleg...

Mehul Choksi, a prominent figure in the multi-crore PNB scam, conveyed to a special court his inability to return to India, citing reasons beyond his control. He asserted that this circumstance should preclude him from being labeled a "fugitive econ...

Banks primarily issued LOCs to fraudulent borrowers and wilful defaulters - who they suspected could run off to take the residency or even citizenship of another country. However, last month, the Bombay High Court struck down the powers of chairmen,...

Mehul Choksi and his nephew Nirav Modi are accused in the Rs 13,500 crore Punjab National Bank fraud case. Choksi left the country in 2019 and was granted the citizenship of Antigua and Barbuda.

The company was originally admitted under the Corporate Insolvency Resolution Process (CIRP) in October 2018. It has admitted liabilities of over Rs 12,558 crore.

According to the FIR registered in 2015 in Gujarat by complainant Digvijaysinh Himmatsinh Jadeja, Choksi and his wife stand accused of offences of forgery and cheating in connection with a business transaction involving 24 karat pure gold bars worth...

The initiative to trace UBOs in the jewellery trade is being led by the main industry body Gem & Jewellery Export Promotion Council, which had introduced the 'MYKYC' regime in 2019 in the wake of the Nirav Modi-Mehul Choksi scam, making it mandatory...

Last year, Nirav lost his legal battle in the highest UK court against being extradited to India in the estimated USD 2 billion Punjab National Bank (PNB) loan scam case. But his case is now said to be "statute barred", indicating further pending li...

​​ The city crime branch registered the FIR in 2017 after a woman filed a complaint that she had invested some money through a franchisee of Gitanjali Jewellery here, but the franchisee shut down and she lost her investment. Digvijay Jadeja, owner o...

The Debt Recovery Tribunal-I in Mumbai has put up a solar power plant belonging to a group entity of Nirav Modi, the absconder diamantaire, for auction in an attempt to recover a portion of his dues. The solar power plant, valued at Rs 12.40 crore, ...

The Bombay High Court has dismissed businessman Mehul Choksi's petitions challenging the Enforcement Directorate's application to declare him a fugitive economic offender. Choksi is accused in the Punjab National Bank fraud case. The court found no ...

A special court on Tuesday asked the Enforcement Directorate (ED) to file its reply on a plea filed by Priti Choksi, wife of fugitive jeweller Mehul Choksi, seeking cancellation of a bailable warrant issued against her. The court dealing with money-...

In the application, filed through advocates Vijay Agarwal and Rahul Agarwal, Kothari said the court issued bailable warrants against her on August 9 on the ground that she didn't appear in person despite the issuance of summons. Kothari claimed she ...

Mehul Choksi, an accused in the Punjab National Bank (PNB) scam, has been directed by the Delhi High Court to deposit Rs 2 lakh before proceeding with his appeal challenging the dismissal of his plea to pre-screen the 'Bad Boy Billionaires' docuseri...

A special CBI court here on Saturday set aside a magistrate's order taking of cognisance of the chargesheet filed against fugitive diamantaire Mehul Choksi in a loan fraud case amounting to more than Rs 22 crore. The special judge remanded matter ba...

PNB is the complainant in the over ₹13,500 crore loss caused by Modi and his uncle Mehul Choksi.

"We have noted the verdict of the single-judge bench of the Gujarat High Court on the disqualification of Rahul Gandhi. The reasoning of the Hon'ble judge is being studied, as it should be, and Dr. Abhishek Singhvi will be briefing the media in deta...

Eight additional NCP MLAs, including Chhagan Bhujbal and Hasan Mushrif, were sworn in as ministers in the Eknath Shinde government in addition to Ajit Pawar. According to the editorial, Delhi's "superpower" was responsible for the NCP's developments.

Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of fugitive businessman Mehul Choksi to recover dues of Rs 5.35 crore for indulging in fraudulent trading in the shares of Gitanjali Gems. Choksi ...