ED initiated investigation in the money-laundering case against Mehul Choksi and others on February 15, 2018, under provisions of the Prevention of Money Laundering Act (PMLA), 2002, on the basis of an FIR registered by the Central Bureau Of Investigation... read more

Choks, who, together with his nephew and fellow diamantaire Nirav Modi, is wanted by New Delhi for the Rs 13,500-crore fraud perpetrated on Punjab National Bank, fled India in January last year. read more

Indian government’s request for PNB scam accused Choksi’s extradition has been pending with Antigua . read more

Mehul Choksi has given up his Indian citizenship and become a citizen of Antigua and Barbuda since fleeing India in January last year with his nephew Nirav Modi. read more

In May, Choksi had alleged in a statement that Gitanjali Gems was “cynically destroyed by the PNB in a diabolical manoeuver to divert attention from its own wrongdoings.” read more

The CBI director also raised concerns over Interpol frequently entertaining the pleas of these high-profile economic offenders, who approach it with false claims of being chased by Indian agencies for “political reasons” or about “human rights viola... read more

Twelve cars belonging to diamantaire Nirav Modi and his fugitive uncle Mehul Choksi were auctioned off on Thursday, at prices ranging from Rs 2.7 lakh to Rs 1.33 crore. read more

In December 2018, Choksi had sought to quash the proceedings initiated against him by the Enforcement Directorate (ED) under the Fugitive Economic Offender (FEO) Act, 2018, on medical grounds. read more

Choksi approached the HC after the special court on December 15, 2018 rejected his preliminary objection to the FEO proceedings, initiated by ED on the ground that the absconding diamond trader had “refused” to return to India. read more

Responding to a question on loan defaulters Vijay Mallya, Nirav Modi and Mehul Choksi escaping the country, Modi said when they realised that under the present government,  they will have to return the loan. read more

The bench of justice Mridula Bhatkar asked for a clarification after she was informed that the judge of the designated court room number 48 was to be transferred to another court. read more

PNB said that the investigating agencies are working on the case, which is currently subjudice read more

The 48-year old diamantaire is accused of swindling over $ 2 billion from state-run Punjab National Bank in collusion with his uncle Mehul Choksi. read more

The RBI has slapped a penalty of Rs 2 crore on Punjab National Bank (PNB) for non-compliance of regulatory directions with regard to SWIFT operations, the state-run lender said Tuesday. read more

The court has also allowed the I-T Department to auction 68 paintings owned by Nirav Modi and deposit the auction proceeds with ED. read more