Gitanjali Gems

Choksi is already facing Income Tax department and ED action

Sebi has barred fugitive businessman Mehul Choksi and one Rakesh Girdharlal Gajera from the capital markets for one year

In an exclusive interview with Business Standard, diamantaire Mehul Choksi claims he turned a defaulter only after banks "wrongly implicated" him in the Nirav Modi case and his assets were seized

The diamantaire's implication in his nephew's defrauding of PNB is well documented. Less well known is the sharp practices he employed in his Indian businesses long before this global scandal erupted

Prime Minister of Antigua and Barbuda Gaston Browne on Tuesday said that he was not aware of any evidence that proves fugitive diamantaire Mehul Choksi was abducted and taken to Dominica

Mehul Choksi was "unlawfully renditioned" from Antigua and Barbuda to Dominica so that he would no longer have the option of appealing to the UK Privy Council

The Dominica High Court has adjourned the bail hearing of fugitive diamond merchant Mehul Choksi till June 11, local media reports stated.

Fugitive diamantaire Mehul Choksi disclosed the names of his alleged abductors to Antiguan police

Antigua and Barbuda prefers that Mehul Choksi be directly repatriated to India from Dominica, the Cabinet of the Caribbean island country decided in a meeting

Bank fraud, Bollywood ambassadors and an offshore soap opera - the many acts of a fugitive diamantaire

A Dominica magistrate has denied bail to absconding diamond tycoon Mehul Choksi, who was arrested on May 23 for alleged illegal entry to the Caribbean island country, the local media reported

Mehul Choksi was kidnapped, didn't go to Dominica of his own free will, said fugitive diamantaire's lawyer Vijay Aggarwal

Fugitive diamantaire Mehul Choksi has been moved to the government quarantine facility in Dominica, according to sources on Sunday

Choksi, 61, is the maternal uncle of Nirav Modi who is the other prime accused in the alleged over USD 2 billion (more than Rs 13,000 crore) Punjab National Bank (PNB) fraud case

The CBI has booked retired deputy manager Gokulnath Shetty in a fresh case of receiving a bribe of Rs 1.08 crore from Rishika Financials that arranged bank guarantees for Gitanjali Gems

Choksi, the uncle of diamantaire Nirav Modi, is the promoter and managing director of Gitanjali Gems

Nirav Modi, who has allegedly defrauded state-run Punjab National Bank of over Rs 14,000 crore, is currently lodged in a British jail

Once a stock market darling, the jewellery chain heads for liquidation

Mumbai, 3 OctoberThe National Company Law Tribunal's (NCLT's) bench here has admitted Gitanjali Gems under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code, a sequel to ICICI Bank's petition in this regard. The bank is lead lender to the jewellery company and is seeking to recover Rs 6.08 billion through the CIRP. Gitanjali has borrowed a total of Rs 59.8 bn from various banks, in the form of working capital loans and External Commercial Borrowing. Gitanjali and its promoter, Mehul Choksi, have been accused of a criminal conspiracy, cheating and money laundering, in collusion with a branch manager and other employees of Punjab National Bank (PNB, in what has come to be know as the Letters of Understanding scam. The amount in question is put at Rs 140 billion. Choksi is evading summons and is said to be 'hiding' in the Antigua & Barbuda group of islands. Choksi's nephew, Nirav Modi, promoter of Nirav Modi Global Diamond Jewellery House and ...

The stock hit a new low of Rs 9.65, down for the 26th straight sessions.