MUMBAI: Fugitive diamond trader Mehul Choksi escaped abroad after he hit Punjab National Bank. Now according to new information, this fugitive businessman has defrauded another state-run bank. Mehul Choksi has forged Rs 44.1 crore with Punjab and Sindh Bank (PSB). This bank has given information about this. The PSB has issued a notice declaring Choksi as a 'willful defaulter', the bank has initiated recovery proceedings against him. The bank has said that Choksi's company Gitanjali Gems Ltd had taken a loan from it. Choksi is a director as well as a guarantor in that company.
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When Choksi did not repay the loan amount, on March 31, 2018, the PAC put him in the NPA. In February, the bank learned that Choksi and his family had fled the country. The bank had asked Choksi to pay the loan amount, interest and other charges on October 23, 2018. But when this was not done by Choksi, PSB declared Choksi as a defaulter on 17 September 2019. With this, Choksi has joined the list of 27 other bank defaulters who have defrauded the bank.
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All of them are mainly from New Delhi, Punjab and Chandigarh, one of them is from Lucknow, two from Chennai, a recovery suit has been filed against all of them. The CBI has urged a Mumbai court to declare Mehul Choksi, the main accused in the Punjab National Bank scam, as a fugitive. According to the agency, he has not been able to respond to the non-bailable warrant.
