CBI books Anil Ambani in ₹1,085 crore PNB loan fraud case
According to the FIR, Ambani and former officials of Reliance Communications allegedly defrauded PNB of ₹1,085 crore between 2013 and 2017.
According to the FIR, Ambani and former officials of Reliance Communications allegedly defrauded PNB of ₹1,085 crore between 2013 and 2017.
India has assured Belgium that fugitive businessman Mehul Choksi, wanted in the PNB bank fraud case, will be detained in humane conditions at Mumbai’s Arthur Road Jail if extradited. The MHA’s letter details medical, legal, and custodial safeguards to meet international human rights standards.
Mehul Choksi along with his nephew Nirav Modi are the accused in the Rs 13,500 crore Punjab and National Bank fraud case. Choksi fled the country and was granted citizenship by Antigua and Barbuda on January 15, 2018.
The ED action comes months after it filed a supplementary chargesheet against Nirav Modi's wife Ami Modi, for being the beneficiary of alleged purchase of two apartments at Central Park in New York.
Choksi, in a bid to avoid extradition to India, had earlier this year, surrendered his passport to the Indian High Commission in Antigua.
Choksi, currently based in the Caribbean nation of Antigua, filed an affidavit stating he had left the country in January 2018 for getting medical check-up and treatment abroad.
Nirav Modi has already been denied bail thrice by the Westminster Magistrates' Court, as the judge ruled there was "substantial risk" that he would fail to surrender and deemed the bail security offered as insufficient.
In a prominent media notice on Wednesday, the SBI has demanded repayment of the loan amount sanctioned against various assets in Mumbai, Raigad, Nashik and Hyderabad belonging to Choksi, his family and group companies.
It revealed shocking details of how Nirav Modi and his uncle, Mehul Choksi, in connivance with some bank officials had duped the bank by issuing fraudulent Letters of Undertaking (LoUs) for the huge amount at PNB's flagship Brady House Branch in south Mumbai, since 2011.
There are around 175 such private residences in CRZ areas in villages such as Varsoli, Sasvane, Kolgaon and Dokvade, among others, belonging to several 'wealthy persons, including Modi, and several businessmen and film actors'.
