The allegations were made by Richard Levin, the court appointed trustee of three US corporations indirectly owned by Nirav Modi previously
Choksi, 61, is one of the prime accused in the alleged over $2 billion Punjab National Bank fraud case. He has fled India and is stated by probe agencies to be based in Antigua and Barbuda.
PNB says over 1,700 wilful defaulters owe bank Rs 37,020 cr; Mehul Choksi's companies top of the list
Mehul Choksi-promoted Gitanjali Gems Ltd has an outstanding loan of Rs 5,064.84 crore. Gili India and Nakshatra Brands, also part of the Gitanjali Group, owed Rs 1,447 crore and Rs 1,109 crore each to PNB
India can seek extradition of fugitive billionaire Mehul Choksi without an Interpol Red Corner Notice as it is not a mandatory requirement for the process, the CBI has told the Ministry of External Affairs
Three tax notices under foreign black money law slapped on fugitive diamantaire Nirav Modi, says revenue department
Nirav Modi, his uncle Mehul Choksi and others are accused in a Rs 14,000 crore fraud at state-owned Punjab National Bank (PNB)
Nirav Modi along with his uncle Mehul Choksi of the Gitanjali group are being probed in the fraud scam by the CBI and the Enforcement Directorate (ED).
ED moves special court seeking 'immediate confiscation' of over Rs 3,500 cr assets of Nirav Modi and Mehul Choksi
The ED, has so far, attached assets worth Rs 1,175 crore of Nirav Modi and Rs 2,400 crore of Choksi in India, a report in the Indian Express said. The assets includes movable and immovable assets, diamonds, gold, and jewellery.
Make prosecution witness in PNB scam an accused, says former employee of Gitanjali Group in a plea in court
Nitin Shahi, a former assistant finance manager with the Gitanjali Group, headed by Mehul Choksi, filed the application before the special CBI court through his lawyer Vijay Agarwal.
Bank frauds: Govt holds meeting with investigative agencies to draw plan to stop financial defaulters going abroad
A detailed discussion was held on to chalk out coordination among the MEA and the investigating agencies to track the movement of the absconding defaulters
Punjab National Bank fraud: CBI gets reply from Britain in response to diffusion notice issued against Nirav Modi
Sources said the British reply came in an email to the Central Bureau of Investigation (CBI) which is investigating the case of fraud against Nirav Modi since January
The Enforcement Directorate (ED) on Tuesday said it has attached assets worth Rs 177 crore in connection with its money laundering probe against Kanpur-based Rotomac group in an alleged bank loan fraud of Rs 3,695 crore.
PNB fraud: ED likely to name Nirav Modi's sister Purvi Mehta in its first chargesheet to be filed next week
After the CBI filed chargesheets in the Punjab National Bank (PNB) scam, the ED is now expected to follow suit next week.
Mehul Choksi, along with his nephew and millionaire designer jeweller Nirav Modi, is being investigated by the ED for allegedly defrauding PNB, the country's second largest lender.
Taking serious note of delay in making disclosures, markets regulator Sebi has warned PNB to promptly comply with mandatory norms on fraudulent transactions related to Nirav Modi and Gitanjali Group of companies
PNB scam: CBI files charge sheet against Mehul Choksi, Allahabad Bank CEO and 13 others in $2 bn scam case
The charge sheet pertains to a second FIR related to alleged crimes of Choksi and his companies in the series of three such cases registered by the CBI in the over USD 2 billion scam case in which jewellers nephew Nirav Modi is also an accused, they said.
CBI has filed a supplementary chargesheet against Mehul Choksi, his companies under the Gitanjali Group in connection with the over Rs 14,000 crore PNB scam
After Nirav Modi scam, PMO cracks whip; investigation agencies go into high gear, penetrate corporate-banking nexus
On 12 February, over a half dozen officers made their way through the quiet corridors of the Prime Minister's Office (PMO) at Raisina Hills. Each was restive and carried a file for the hurriedly-called meeting at the top echelons of the government. The heads of investigative, intelligence and finance ministry had been summoned in the backdrop of massive banking scandal involving diamantaire Nirav Modi, Mehul Choksi and the government owned Punjab National Bank (PNB)
The CBI questioned a former deputy governor of RBI in connection with Rs 13,500 crore PNB fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi
PNB fraud: CBI questions four senior RBI officials in connection with scam involving Nirav Modi and Mehul Choksi
CBI on Thursday questioned four RBI officials in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud involving Nirav Modi and Mehul Choksi
It's unproductive for the RBI and the government to engage in a blame game post the PNB fraud, and accuse each other of laxity.