CBI registers 2 new cases against Mehul Choksi, accused of grabbing loan of 55.27 crores

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CBI registers 2 new cases against Mehul Choksi, accused of grabbing loan of 55.27 crores
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New Delhi: Fugitive Mehul Choksi's difficulties are going to increase further on charges of fraud from Punjab National Bank (PNB Scam). The CBI registered two new cases against Choksi on Friday. The CBI has registered fresh cases against Mehul Choksi and others for allegedly defrauding a consortium of banks of ₹55.27 crores, according to news agency ANI.

Mehul Choksi and his nephew Nirav Modi are accused of embezzling 13 thousand 600 crores from Punjab National Bank. Both ran from India in January 2018. The CBI registered an FIR in this matter on 30 January. However, by then both the accused of cheating had fled the country. Till now extradition is being tried to bring these two accused to India. In the FIR, a case has been registered against Mehul Choksi, Gitanjali Gems, Nakshatra Brands, Gitanjali Gems Director Dhanesh Sheth, Kapil Khandelwal, CFO Chandrakant Karkare, an unknown officer, and another person. An FIR has been registered under sections 120B, 409, 420, and 477A of the Indian Penal Code (IPC).

In the first FIR, it has been alleged that the accused persons have caused a loss of Rs 5564.54 crore to the consortium of 28 member banks led by ICICI Bank. In the second FIR, it has been alleged that the accused caused a loss of Rs 807.72 crore to a consortium of nine member banks led by Punjab National Bank.

Mehul Choksi took citizenship of Antigua and Barbuda in November 2017. In July 2022, the CBI registered a case against Mehul Choksi for allegedly defrauding Canara Bank and Bank of Maharashtra to the tune of Rs 55.27 crore.

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