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CBI raids 8 locations, seizes documents in fresh case against Choksi (Ld)

The Central Bureau of Investigation (CBI) on Monday said that it has lodged a new case against fugitive Mehul Choksi and his company Gitanjali Gems for allegedly defrauding the Industrial Finance Corporation of India Ltd to the tune of Rs 22 ...

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CBI raids 8 locations, seizes documents in fresh case against Choksi

CBI raids 8 locations, seizes documents in fresh case against Choksi
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Cairo , Al-qahirah , Egypt , Mumbai , Maharashtra , India , Dominica , New-delhi , Delhi , Kolkata , West-bengal , Antigua-and-barbuda

CBI registers fresh case against Mehul Choksi for defrauding IFCI of Rs 22.06 cr

Choksi is already on the run for involvement in a previous case where he was accused of defrauding the Punjab National Bank (PNB) of Rs 13,000 crore along with Nirav Modi.

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Fugitive Choksi Faces New $3m Fraud Charge

Fugitive Choksi Faces New $3m Fraud Charge
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Will allow private sector to set up DFIs too, Nirmala Sitharaman tells News18, hours after Budget speech


Will allow private sector to set up DFIs too, Nirmala Sitharaman tells News18, hours after Budget speech
Typically, DFIs don't accept public deposits and they generally raise capital by borrowing funds from the government and selling their bonds to the general public
FP Staff
February 01, 2021 22:34:11 IST
File image of Nirmala Sitharaman. News18
Speaking to 
Network18 group editor-in-chief Rahul Joshi, finance minister Nirmala Sitharaman said the Centre will soon bring in provisions to allow the private sector to set up Development Finance Institutions (DFIs).
This, just hours after Sitharaman announced in her Budget speech that the Government of India would set up a Rs 20,000 crore DFI with a view to mobilise Rs 111 lakh crore required for funding of the ambitious national infrastructure pipeline.

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