‘PNB misinformed agencies against me’: Mehul Choksi in a video statement
Fugitive jeweller Mehul Choksi defended himself in the Punjab National Bank(PNB) scam in a video statement from Antigua. He said that the PNB misinformed agencies against him and employees resigned from his company for the same reasons. An ED investigation has found that absconding jeweller Mehul Choksi diverted over Rs 3,250 crore funds, allegedly defrauded from a PNB branch in Mumbai, to foreign shores and he was in business of “highly inflating” prices of precious metals sold from his outlets. The businessman has rejected the charges as “baseless”.