×
155
Fashion Jobs
PRIME PLACEMENT AND MANPOWER SERVICES
International Sales Executive - Female - Khokhra - Ahmedabad
Permanent · Ahmedabad
CAPITAL PLACEMENT SERVICES
Cfo For International Funding For 1000 Crore Company in Gujarat
Permanent · Vadodara
NEEJ
Business Development Manager
Permanent · MUMBAI
LIFESTYLE BRANDS
Regional Sales Manager, Peter England - Bangalore
Permanent · BENGALURU
KITEX GARMENTS LIMITED
General Manager - Merchandiser
Permanent · ALUVA
ZODIAC CLOTHING CO LTD
Sourcing Officer (Fabric & Garment)
Permanent · MUMBAI
LIFESTYLE BRANDS
Head of Marketing, Louis Philippe - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU
LIFESTYLE BRANDS
Senior Executive - Garment Technician (ww &Amp; Kids), Pdqa
Permanent · BENGALURU
LIFESTYLE BRANDS
Sales Executive - Kannur &Amp; Kasargod
Permanent · BENGALURU
HIGH FASHION GARMENT COMPANY
Manager Humanr Resource (Male) From Mumbai Only
Permanent · MUMBAI
RAJ KHATRI FILMS PVT LTD
Digital Marketing Executive
Permanent · MUMBAI
ANANDGUPTA COUTURE
Social Media Marketing & Fashion Design Assistant
Permanent · MUMBAI
DESIGNR
Sales Officer
Permanent · NEW DELHI
NETE.IN
CRM & Logistics Executive
Permanent · MUMBAI
FABINDIA OVERSEAS PVT. LTD.
Retail Planner
Permanent · NEW DELHI
SELECTIVE GLOBAL SEARCH PVT. LTD.
Business Development
Permanent · NEW DELHI
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KARIMNAGAR

ED to question Kulkarni in PNB fraud case

Published
today Nov 8, 2018
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The Enforcement Directorate (ED) will now question the fugitive jeweller Mehul Choksi’s Hong Kong director Deepak Krishna Rao Kulkarni after arresting him in Kolkata in hopes of learning more about Choksi’s businesses.

Kulkarni will now face questioning about his boss Choksi’s finances in offshore companies including in Hong Kong - Gitanjali Gems- Facebook


Kulkarni, who was arrested by the ED on November 5, will now face questioning about his boss Choksi’s finances in offshore companies including in Hong Kong where Kulkarni was based. The ED believes, according to TNN, that Kulkarni was responsible for Choksi’s legal activities and was directly involved in the procurement of fraudulent letters of undertaking (LoUs) that would allow Choksi to allegedly procure fraudulent loans from the Punjab National Bank (PNB). Kulkarni managed Choksi’s business transactions from Hong Kong where the ED believes that he had several dummy companies used for money laundering.

Kulkarni is being taken to Mumbai where the case is registered under the Prevention of Money Laundering Act (PMLA). He will stand before a local court before November 12.

Out of the Rs 6,100 crore ($916.9 million) fraud attributed to Choksi, Rs 1,270 crore was diverted to Shangyong Gong Si Limited, a company under the Gitanjali Group in Hong Kong, according to the ED. Kulkarni was the director of Shangyong Gong Si Limited and also managed the business’ accounts. The ED believes that Kulkarni assisted in the circular transaction of goods in order to mask money procured by criminal means.

As Kulkarni was detained at the Kolkata Airport on his way to Nagpur, the ED is investigating whether he had arranged to meet anyone in Kolkata who could be instrumental in the case. Kulkarni’s lawyer, Sha-msher Ali, told a Kolkata court that Kulkarni was returning to his home in Nagpur to celebrate the festive season and was not aware of any charges against him as they had not been sent to Hong Kong where he was resident.

Copyright © 2019 FashionNetwork.com All rights reserved.