The Resolution Professional responsible for fugitive Mehul Choksi’s jewellery business Gitanjali Gems has contested the ED’s seizure of the business’ assets, saying it interferes with the insolvency resolution process.
Mehul Choksi had bought land intending to set up a SEZ and then illegally sell the land for profit, according to new evidence in the Panvel Tehsildar investigation into the land Choksi purchased with his associates.
The fugitive jewellery tycoon Mehul Choksi has been accused of another crime, this time concerning a land deal and failure to set up a special economic zone as agreed. The Panvel Tehsildar office is investigating.
The Enforcement Directorate (ED) may name fugitive jeweller Nirav Modi’s wife Ami Modi in the alleged case of fraud at the Punjab National Bank (PNB) for the first time since beginning its investigation.
The Enforcement Directorate has reminded Interpol of its request for a Red Corner Notice (RCN) to be issued against Mehul Choksi of Gitanjali Gems, as it pushes forward with the Punjab National Bank fraud case.
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.
As Indian authorities are working to initiate the extradition process of the fugitive jewellery tycoon Mehul Choksi from Antigua to India, the PMO is researching any pending inquiries made into Choksi in 2017.
One of the main defendants in India's largest bank fraud case made a court application on Monday for cancellation of an arrest warrant against him, citing fears for his life due to growing mob lynchings in the country.
On July 4, shares of Mehul Choksi’s jewellery brand Gitanjali Gems dropped by over three percent following the ED’s application to a special Mumbai court to label Choksi a “fugitive economic offender”.