Gitanjali Gems owner Mehul Choksi, an accused in the Rs 12,000 crore PNB fraud, on Thursday said he cannot travel to India for his trial as his passport has been revoked without any explanation.
Passports of Nirav Modi and Mehul Choksi have been revoked, according to the sources in the Ministry of External Affairs (MEA).
Owner of Gitanjali Gems Mehul Choksi’s lawyer, Sanjay Abbott, on Saturday clarified that the letter sent by the owner to the employees was for them to gain clarity on the situation.
The Enforcement Directorate (ED) on Saturday provisionally attached 21 immovable properties of noted jewellery designer Nirav Modi and companies controlled by him, in connection with the 1.77 billion dollar Punjab National Bank (PNB) fraud.
The Enforcement Directorate (ED) on Thursday seized nine cars belonging to jeweller Nirav Modi and his companies, in connection with the Punjab National Bank (PNB) fraud case.
Shares of Gitanjali Gems continued to fall for the fourth straight session today, plunging 10 per cent as investor sentiment remained muted after the company came under the scanner of various investigating agencies following PNB’s Rs 11,400-crore fraud detection.
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