Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
PNB fraud case: ED arrests Mehul Choksi's associate Deepak Kulkarni in Kolkata in money laundering probe
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit

PNB fraud case: ED arrests Mehul Choksi's associate Deepak Kulkarni in Kolkata in money laundering probe

FP Staff • November 6, 2018, 12:20:24 IST
Whatsapp Facebook Twitter

Kulkarni was linked to the overseas businesses of Mehul Choksi, one of the main accused in the case, and the ED had notified a Look-out Circular (LoC) against him, the officials said.

Advertisement
Subscribe Join Us
Choose
Firstpost on Google
Choose
Firstpost on Google
PNB fraud case: ED arrests Mehul Choksi's associate Deepak Kulkarni in Kolkata in money laundering probe

After a long chase, Deepak Kulkarni, executive of fugitive jeweller Mehul Choski’s firm has been arrested in connection with the money laundering probe in the $2-billion Punjab National Bank (PNB) fraud case, officials said. Kulkarni was arrested from the Kolkata airport after he landed from Hong Kong, ED officials said. A lookout notice was issued against him by the Central Bureau of Investigation (CBI) and ED earlier.

Deepak Kulkarni, an associate of #MehulChoksi has been arrested by the Enforcement Directorate in Kolkata after he landed at the airport from Hong Kong. Kulkarni was the director of Choksi’s dummy firm in Hong Kong. A Look Out Circular was issued against him by ED and CBI earlier pic.twitter.com/ENR8NIVeCL

— ANI (@ANI) November 6, 2018

It is being said that Kulkarni was in charge of the Hong Kong operations of Choksi who fled India soon after his nephew Nirav Modi also did so after allegedly defrauding Punjab National Bank out of Rs 13,000 crore, The Telegraph said. Kulkarni, was a director in a Hong Kong-based “dummy” firm linked to Choksi, an official said, according to an NDTV report. He was named in a charge-sheet filed against Choski earlier this year. The Mumbai court had also issued a non-bailable warrant against him, the report said. Kulkarni was arrested under the Prevention of Money Laundering Act (PMLA) and was expected to be produced before a court on Tuesday, the officials said, adding that the ED would seek his transit remand to take him to Mumbai, where the case was registered. [caption id=“attachment_5135451” align=“alignleft” width=“380”] ![File image of Mehul Choksi. Twitter](https://images.firstpost.com/wp-content/uploads/2018/09/mehul-choksi-380.jpg) File image of Mehul Choksi. Twitter[/caption] Kulkarni was linked to the overseas businesses of Mehul Choksi, one of the main accused in the case, and the ED had notified a Look-out Circular (LoC) against him, the officials said. He was a director in a Hong Kong-based “dummy” firm linked to Choksi, an official said, adding that the ED had named him in a chargesheet filed against the fugitive jeweller earlier this year and a Mumbai court had also issued a non-bailable warrant against him. Mehul Choksi, his nephew and diamond jeweller Nirav Modi and others are being probed under various criminal laws after the fraud came to light this year, following a complaint from the Punjab National Bank (PNB) that they allegedly cheated the nationalised bank to the tune of over Rs. 13,000 crore, with the purported involvement of some of its employees. Both Mehul Choksi and Nirav Modi are absconding since the case was registered by the ED and the Central Bureau of Investigation (CBI). --With PTI inputs

Tags
NewsTracker CBI ED PNB Nirav Modi Mehul Choski fugitive diamantaire PNB Fraud Cae moneylaundering case
  • Home
  • Business
  • PNB fraud case: ED arrests Mehul Choksi's associate Deepak Kulkarni in Kolkata in money laundering probe
End of Article
Latest News
Find us on YouTube
Subscribe
  • Home
  • Business
  • PNB fraud case: ED arrests Mehul Choksi's associate Deepak Kulkarni in Kolkata in money laundering probe
End of Article

Impact Shorts

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai leads India in challan checks, with drivers checking their e-challans over 5 times a month on average. Helmet non-compliance is the most broken rule, accounting for 34.8% of all traffic offences in Chennai. Regular digital challan checks help drivers avoid hefty fines, promote safe driving, and improve insurance premiums.

More Impact Shorts

Top Stories

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Enjoying the news?

Get the latest stories delivered straight to your inbox.

Subscribe
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV