News The Choksi Saga: A Catch Me If You Can Game that could Turn Sour for India Thrill, passion, flight, investigation, international law enforcement agencies in the small island nation of Antigua; diamantaire Mehul Choksi’s life has witnessed all of that and more By: Diamond World News Service
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This 62-year old diamantaire has brought disrepute to the whole G & J industry in India, so much so that banks and importers are looking upon every Indian diamantaire with askance.
Founder and managing director of Gitanjali Group which was once the largest branded jewellery retailers in the world, Mehul Choksi in a career spanning four decades made fortunes worth millions of dollars, defrauded Punjab National Bank, founded way back in 1894 and touted as the second
Banks Chase Cash Lost to Winsome Diamonds June 02, 21 by
(IDEX Online) - Banks that lost money in a $770m gold a
nd diamonds loan scam in India in 2013 have won a legal victory in their bid to trace the missing cash.
A British judge yesterday restored four UK shell companies suspected of having laundered money lent to Indian-based Winsome Diamonds.
The move may enable Standard Chartered Bank a
nd other lenders to trace the assets of an Indian gold and diamonds trader believed to have channeled the money to the UK via UAE largely through a series of derivatives contracts.
A frenzied police manhunt in the Caribbean for fugitive Indian businessman Mehul Choksi, who was arrested in Dominica on Wednesday (May 28), has once again spotlighted the messy issue of India ’s runaway billionaires. Choksi, owner of defunct Indian jewellery giant Gitanjali Group, had been on the run for more than three years. The 62-year-old is being investigated by India’s.
Wanted Diamantaire Mehul Choksi Disappears on Caribbean Island May 25, 21 by John Jeffay
(IDEX Online) - Mehul Choksi, the Indian diamantaire facing extradition over an alleged $1.85bn fraud against the Punjab National Bank (PNB) has gone missing on Antigua.
Family members are worried a
nd anxious , says his lawyer, after his car was found - with no sign of him - on the Caribbean island where he currently has citizenship. He was last seen at 5.15pm local time on Sunday 23 May.
There is media speculation on the island that he may now be in Cuba, where he owns a property. His wife has reportedly filed a missing person s report.
Narada case: Calcutta High Court orders house arrest of 2 ministers of Mamata’s cabinet
Star Digital Report
Star Digital Report
The Calcutta High Court today ordered house arrest of four political leaders, including two senior West Bengal ministers who were held in the Narada sting operation case relating to alleged graft.
The division bench comprising acting Chief Justice Rajesh Bindal and Justice Arijit Banerjee differed in opinion over vacating the stay given by it on bail granted by a special CBI court to ministers Subrata Mukherjee and Firhad Hakim, TMC legislator Madan Mitra and former Kolkata Mayor Sovan Chatterjee, reports our New Delhi correspondent.