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ED Restitutes ₹2,500 Crore Assets in Mehul Choksi PNB Fraud Case

Ut World December 11, 2024 0

The Enforcement Directorate (ED) has commenced the restitution of assets worth over ₹2,500 crore linked to absconding businessman Mehul Choksi in the ₹13,000 crore Punjab National Bank (PNB) loan fraud case. Acting on a special PMLA court’s directive in Mumbai, the agency has handed over Continue Reading

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Dominican Court rejected the bail of Mehul Choksi

Ut World June 3, 2021 0

On Thursday Dominican court denied bail to Mehul Choksi the fugitive diamond trader wanted over the ₹ 13,500 crore loan fraud case in India for illegally entering into the Caribbean island nation from Antigua. Choksi, who appeared before the magistrate court on a wheel chair, pleaded not guilty for the alleged crimes before the court […]Continue Reading

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PNB scam accused will be extradited, asserts Antigua Barbuda PM

Ut World September 26, 2019 0

The Prime Minister of Antigua Barbuda asserted that the Punjab National Bank scam accused Mehul Choksi would be extradited in future. At the same time, the PM said that he would be extradited before the petitions he filed in the country’s courts were disposed off. He has emphasised his country’s attachment towards the legal system […]Continue Reading

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ED examines at least 120 shell companies in connection with PNB fraud case

Ut World March 24, 2018 0

Taking the investigation into the alleged fraud committed by renowned jewellery designer Nirav Modi to a next level, the Directorate of Enforcement is closely examining at least one hundred and twenty shell companies, which are suspected to have played a crucial role in the Punjab National Bank fraud. The authorities have shown reluctance to disclose […]Continue Reading