Mehul Choksi

The current proceedings against Mehul Choksi pertain to ED's plea to declare him a fugitive economic offender (FEO) and these documents need to be summoned for fair adjudication of the matter

The probe agency, Enforcement Directorate (ED), had named Kothari as an accused in the supplementary charge sheet filed last June.

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The High Court of Antigua and Barbuda ruled in his favour, granting him permission to stay on the island and not be removed.

The statement was issued by the CBI a day after the media reported the CCF decision that came as a setback to Indian investigating agencies and triggered a huge political uproar.

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The attack came after the name of Choksi, wanted in a Rs 13,000-crore scam in the Punjab National Bank, is understood to have been removed from the Interpol database of Red Notices on the basis of his plea to the Lyon-headquartered agency, people in the know of the development had said.

Additionally, Antiguan authorities are now doubling down on an investigation into Mehul Choksi’s claim that he was kidnapped in 2021 with the objective to send him to India.

Live Highlights: As per initial media reports the tremors were felt in India, Turkmenistan, Kazakhstan, Pakistan, Tajikistan, Uzbekistan, China, Afghanistan, and Kyrgyzstan.

The Interpol had issued the Red Notice against Choksi in 2018, nearly 10 months after he fled from India in January that year to take refuge in Antigua and Barbuda, where he had taken citizenship.

These FEOs owe a combined amount of Rs 37,185.83 crore in loans to Indian banks.

Four years after Choksi's dramatic escape and the failure of the state-run PNB to detect the scam between 2010 and 2018, the bank submitted three complaints to the CBI on March 21, reporting the additional loss caused by the diamantaire and his firm Gitanjali Gems Limited, Nakshatra Brands Limited and Gili India Limited.

Alleging that the movie and media reports are "part of a mala-fide, vicious and vexatious campaign to tarnish the reputation" of Choski, the lawyer issued a notice to director Karthik K. and producers Kalol Das, Parth Rawal and other individuals involved in the production.

For indulging in fraudulent trading in the shares of Gitanjali Gems Ltd, Mehul Choksi has been directed to pay the penalty within 45 days, as per the Securities and Exchange Board of India (Sebi) order.

Prior to the government’s new overseas investment rules, bankers learned some hard lessons in the corporate loan business

The government’s new norms for overseas investment make it tougher for loan defaulters and others being probed by investigative agencies and regulators to siphon off funds out of the country

Mehul Choksi promoted Gitanjali Gems Ltd is the top wilful defaulter with Rs 7,110 crore in dues

The CBI has also booked Bezel Jewellery and its whole-time directors, including Choksi, Chetna Jhaveri, Dinesh Bhatia and Milind Limaye.

This is the first prosecution complaint filed by the federal agency against Choksi's wife Priti Pradyotkumar Kothari.

According to the Reserve Bank of India’s annual report released on May 27, banks reported 9,103 frauds in FY22, involving Rs 60,414 crore. Interestingly, the total net profit of 12 state-run banks during FY22 stood at Rs 66,541 crore