NEW DELHI: The Central Bureau of Investigation (CBI) on Friday registered 3 extra FIRs in Mumbai towards fugitive businessman Mehul Choksi for dishonest and felony breach of believe.
The FIRs have been registered at the criticism of the Deputy General Manager of Punjab National Bank,
The first FIR reads that criticism towards Mehul Chinubhai Choksi, the Director/Promoter of the preserving corporate viz. M/s Gitanjali Gems Ltd. and likewise a guarantor for credit score limits sanctioned to M/s Nakshatra Brands Limited, the Director of M/s Nakshatra Brands Limited viz. Dhanesh Vrajlal Sheth, unknown public servants, if any and others for having dedicated the offense of dishonest, felony misappropriation of belongings and felony breach of believe thereby inflicting a lack of Rs. 807.72 Crore to the consortium contributors led through Punjab National Bank.
Another FIR reads that M/s Gitanjali Gems Limited (GGL), its Directors Mehul Chinubhai Choksi and Dhanesh. Vrajlal SethJoint President, Finance Kapil Mali Ram KhandelwalCFO Chandrakant Kanu Karkare, unknown public servants, if any and others for having dedicated the offense of dishonest, felony misappropriation of belongings and felony breach of believe thereby inflicting lack of Rs 5564.54 crore to consortium contributors led through ICICI Bank Ltd.
Thus it’s glaring that M/s Gitanjali Gems Ltd was once dominantly managed and controlled through Mehul Chinubhai Choksi who has in lively connivance with the director Dhanesh Vrajlal Sheth, Joint President, Finance Kapil Mali Ram Khandelwal, CFO Chandrakant Kanu Karkare and others, had been keen on fudging of accounts, siphoning off the price range and using the sanctioned credit score limits no longer for authentic business transactions, it reads.
Keeping in view the above information, it sounds as if that within the account of M/s Gitanjali Gems Ltd fraudulent actions have been accomplished through Mehul Chinubhai Choksi, in connivance with its Director Dhanesh Vrajlal Sheth, Joint President, Finance Kapil Mali Ram Khandelwal, CFO Chandrakant Kanu Karkare and others to complement themselves illegally and derive illegal and unjust features and thereby brought about loss to member banks of consortium and in furtherance thereof, have cheated/defrauded the consortium member banks to the music of Rs.5564.54 crore.
The 3rd case has been registered towards M/s. Gl India Ltd. (M/s. GIL), Mumbai, Mehul Chinubhai Choksi, Managing Director of M/s. Gtanjali Gems Ltd. and Guarantor for M/s G India Ltd., Aniyath Shivraman Nair, Director of M/s GIL, Dhanesh Vrajal Sheth, Director of M/s. GIL, unknown public servants and unknown others for inflicting a wrongful lack of Rs. 375.71 crores to a consortium of 3 member banks led through Punjab National Bank.
Punjab National Bank being the most important PSU Bank when it comes to publicity within the consortium is accommodation the criticism on behalf of consortium member Banks as in step with the mandate given through member Banks. The ICICI Bank being the lead financial institution have filed a restoration go well with towards M/s Gitanjali Gems Ltd and its administrators and guarantors ahead of Hon’ble DRT-Mumbai, on behalf of the consortium contributors. Further, NCLT complaints have additionally been initiated towards M/s Gitanjali Gems Ltd, it reads.
The FIRs have been registered at the criticism of the Deputy General Manager of Punjab National Bank,
The first FIR reads that criticism towards Mehul Chinubhai Choksi, the Director/Promoter of the preserving corporate viz. M/s Gitanjali Gems Ltd. and likewise a guarantor for credit score limits sanctioned to M/s Nakshatra Brands Limited, the Director of M/s Nakshatra Brands Limited viz. Dhanesh Vrajlal Sheth, unknown public servants, if any and others for having dedicated the offense of dishonest, felony misappropriation of belongings and felony breach of believe thereby inflicting a lack of Rs. 807.72 Crore to the consortium contributors led through Punjab National Bank.
Another FIR reads that M/s Gitanjali Gems Limited (GGL), its Directors Mehul Chinubhai Choksi and Dhanesh. Vrajlal SethJoint President, Finance Kapil Mali Ram KhandelwalCFO Chandrakant Kanu Karkare, unknown public servants, if any and others for having dedicated the offense of dishonest, felony misappropriation of belongings and felony breach of believe thereby inflicting lack of Rs 5564.54 crore to consortium contributors led through ICICI Bank Ltd.
Thus it’s glaring that M/s Gitanjali Gems Ltd was once dominantly managed and controlled through Mehul Chinubhai Choksi who has in lively connivance with the director Dhanesh Vrajlal Sheth, Joint President, Finance Kapil Mali Ram Khandelwal, CFO Chandrakant Kanu Karkare and others, had been keen on fudging of accounts, siphoning off the price range and using the sanctioned credit score limits no longer for authentic business transactions, it reads.
Keeping in view the above information, it sounds as if that within the account of M/s Gitanjali Gems Ltd fraudulent actions have been accomplished through Mehul Chinubhai Choksi, in connivance with its Director Dhanesh Vrajlal Sheth, Joint President, Finance Kapil Mali Ram Khandelwal, CFO Chandrakant Kanu Karkare and others to complement themselves illegally and derive illegal and unjust features and thereby brought about loss to member banks of consortium and in furtherance thereof, have cheated/defrauded the consortium member banks to the music of Rs.5564.54 crore.
The 3rd case has been registered towards M/s. Gl India Ltd. (M/s. GIL), Mumbai, Mehul Chinubhai Choksi, Managing Director of M/s. Gtanjali Gems Ltd. and Guarantor for M/s G India Ltd., Aniyath Shivraman Nair, Director of M/s GIL, Dhanesh Vrajal Sheth, Director of M/s. GIL, unknown public servants and unknown others for inflicting a wrongful lack of Rs. 375.71 crores to a consortium of 3 member banks led through Punjab National Bank.
Punjab National Bank being the most important PSU Bank when it comes to publicity within the consortium is accommodation the criticism on behalf of consortium member Banks as in step with the mandate given through member Banks. The ICICI Bank being the lead financial institution have filed a restoration go well with towards M/s Gitanjali Gems Ltd and its administrators and guarantors ahead of Hon’ble DRT-Mumbai, on behalf of the consortium contributors. Further, NCLT complaints have additionally been initiated towards M/s Gitanjali Gems Ltd, it reads.