×
144
Fashion Jobs
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
PUMA
Project Manager- Operations
Permanent · Bengaluru
PUMA
Manager- Logistics Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
Published
Sep 3, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

PMLA Authority asserts Mehul Choksi's properties are money laundering assets

Published
Sep 3, 2018

The Prevention for Money Laundering Act (PMLA) authority has asserted that the 41 properties that the Enforcement Directorate (ED) has attached to the case against jeweller Mehul Choksi are money laundering assets.

The PMLA Authority has asserted that Mehul Choksi's 41 properties are money laundering assets - Gitanjali Jewels- Facebook


The ED had provisionally attached a total of 41 properties owned by the fugitive jewellery tycoon Mehul Choksi of Gitanjali Gems and his businesses to the case against him for fraud at the Punjab National Bank. The PMLA authority has now confirmed that these properties should continue to be attached and has confirmed that they have been obtained through fraudulent means.

The properties are collectively valued at around Rs 1,210 crore ($181.9 million) and include 17 office premises and 15 apartments in Mumbai, a four-acre farm house in Alibaug, a mall in Kolkata, and 231 acres of land across Nagpur, Panvel (Maharashtra), Villupuram (Tamil Nadu), and Nashik among others. The total of the fraud that Choksi is implicated in is at least Rs 13,500 crore.

Tushar V Shah, a Member of the Adjudicating Authority of the PMLA, said in a recent order: "Considering the material in the original complaint... I find that immovable properties provisionally attached are all involved in money laundering… I, therefore, hereby confirm the attachment of properties...and order that the said attachment shall continue during investigation for a period not exceeding ninety days or the pendency of proceedings relating to any offence under the PMLA before a court and become final after an order of confiscation is passed by the special court."

Choksi is still in Antigua where he has taken citizenship. The CBI is currently working  to deport him to India to stand trial.

Copyright © 2022 FashionNetwork.com All rights reserved.