×
191
Fashion Jobs
LEVI'S
Associate Sap Ptp Business Analyst
Permanent · Bengaluru
FEDBANK FINANCIAL SERVICES LTD
Area Sales Manager For Gold Loan - Chennai
Permanent · Chennai
DR MEDITECH SURGICAL AND DIAGNOSTICS INDIA PVT LTD
Production Executive / Production Manager (Biochemistry & Hematology
Permanent · National Capital Region
SAMSARA SHIPPING PVT LTD
Sales Manager
Permanent · Pune
INFEXN LABORATORIES PRIVATE LIMITED
Medical Representative/ Area Sales Manager
Permanent · Navi Mumbai
ELLIOTT MOSS
IT Sales Manager
Permanent · Mumbai
GRAND CHEMICAL WORKS
Area Sales Manager - Jaipur gt
Permanent · Kota
IGENETIC DIAGNOSTICS /HEALTH MAP DIAGNOSTIC PVT LTD
Area Sales Manager/Territory Manager
Permanent · Pune
RANDSTAD INDIA PVT LTD
Market Development Manager - Horeca Sales
Permanent · National Capital Region
SHREE HR SERVICES
Retail Sales Executive
Permanent · Varanasi
PEP TECHNOLOGIES PRIVATE LIMITED
Area Sales Executive / Area Sales Manager (Only From Skin Care)
Permanent · Bengaluru
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
WHITEHAT JR
Sales Manager India
Permanent · Faridabad
VIJAYA ENGINEERING WORKS
Production Manager
Permanent · Hosur
REFLECTOSAFE
Area Sales Manager - Delhi
Permanent · National Capital Region
R AND R SALONS PRIVATE LIMITED
Requirement of Area Manager
Permanent · Bengaluru
REFLECTOSAFE
Area Sales Manager - Chennai
Permanent · Chennai
AQUAGENICS RESEARCH & DEVELOPMENT INDIA PVT. LTD.
Area Sales Manager
Permanent · Pune
MUTHOOT FINCORP
Area Manager
Permanent · Tiruchirappalli
INFINIX
National Sales Manager
Permanent · MUMBAI
1MG
Sales Manager - Diagnostics
Permanent · National Capital Region
DODLA DAIRY LIMITED
Area Sales Manager -Salem
Permanent · Salem
Published
May 10, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Jewellery tycoon Mehul Choksi faces fresh fraud case

Published
May 10, 2022

Jewellery tycoon Mehul Choksi has been issued with a fresh criminal case by the Central Bureau of Investigation for allegedly defrauding the Industrial Finance Corporation of India through his jewellery business Gitanjali Gems.

Mehul Choksi is still believed to be residing in Antigua and Indian authorities are attempting to extradite him to India


Mehul Choksi, who is accused of fraud at the Punjab National Bank along with his nephew and fellow jewellery tycoon Nirav Modi, now faces fresh fraud charges after a first information report was filed in Mumbai, ET Bureau reported. The FIR was filed against Mehul Choksi and Gitanjali Gems by IFCI’s assistant general manager. 
 
The FIR was filed under the Indian Penal Code section 420 (cheating), 468 (forgery for purpose of cheating), and 471 (fraudulently or dishonestly using as genuine). According to the accusations, Choksi allegedly took part in a fraud whereby Gitanjali Gems got a loan from IFCI based, among other things, on a valuation of diamonds which were used as part of the collateral. 

However, after the business began defaulting on the loan, IFCI had the diamonds revalued and the fresh valuation saw the amount drop by 90%. This led the institution to believe that they had been intentionally lied to about the initial valuation of the diamonds for the purpose of obtaining the loan. 
  
“This case may be good for coffee table talk, but will not stand in the court,” Choksi’s legal advocate Vijay Aggarwal told Asian News International about the new case. “Government agencies can go up to Antigua to kidnap the man but they have not checked their own house and have found it now.”
 

Copyright © 2022 FashionNetwork.com All rights reserved.