PNB case: ED attaches Mehul Choksi's assets worth Rs 14.50 cr


Mumbai, Feb 4 (IANS): In fresh action in the Punjab National Bank (PNB) scam case, the Enforcement Directorate has issued provisional orders attaching assets worth nearly Rs 14.50 crore belonging to the Gitanjali Group and its absconding Director Mehul Choksi, officials said on Thursday.

The assets comprise immovable properties including a 1,460 square feet flat in O2 Towers, Goregaon, a Mercedes Benz care in the company name besides movable assets like gold and platinum jewellery, diamond and pearl-silver necklaces and high-end watches.

The action comes in the ongoing probe into the money-laundering case against Choksi and others three years after the ED entered the scene since February 2018.

Among other things, the accused were charged with cheating the PNB in connivance with some banks to fraudulently get Letters of Undertaking (LoU) which caused huge losses to the bank.

Previously, the ED had attached properties worth Rs 2,550 crore in the case in which Choksi's nephew Nirav Modi is also the prime accused, along with several of their family members, business associates and bank officials.

While Choksi has become a citizen of Antigua & Barbuda in the West Indies, Modi is currently in the UK fighting an extradition case to India.

  

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Comment on this article

  • Deshbhakt, Mangalore

    Fri, Feb 05 2021

    There is an adage 'Aaane kaddaru Kalla, Adike Kaddaru Kalla' Mehul Choksi the Kalla is puurrrr.... to Antigua and our officials bring one 'Adike' after another 'Adike' and shout 'Aaanae' 'Aaanae'. Probably PM Modi from his cabin applauding the officials at how many times the loot is recovered. Government of fools, by fools, for fools.

    DisAgree [2] Agree [2] Reply Report Abuse

  • k b r, Mangala Uru

    Thu, Feb 04 2021

    10-15 crores are like peanuts for these people who fled after looting the public / govt. to the tune of thousands of crores of rupees....

    DisAgree [4] Agree [4] Reply Report Abuse

  • Veer, Nagpur

    Thu, Feb 04 2021

    PM CARES Fund got free donation of Rs 14.50 crores without issuing the receipt. Choksi can not do anything what is happening right in front of his eyes but just watch and let it happen as he has become a fugitive for the govt after royal send off by the govt with one way ticket to him never to be allowed entry into India.

    DisAgree [5] Agree [4] Reply Report Abuse

  • HENRY MISQUIITH, India

    Thu, Feb 04 2021

    Looters like Choksi, Mallya, Nirav Modi and Lalit Modi are now forgotten chapters... What about silent looters inside the country??

    DisAgree [1] Agree [7] Reply Report Abuse


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Title: PNB case: ED attaches Mehul Choksi's assets worth Rs 14.50 cr



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