Mehul Choksi, Accused in PNB Fraud Case, Cheated Punjab & Sind Bank of Rs 441 Million
The New Delhi-based PSB has issued notices proclaiming him as a 'willful defaulter' who owes the bank the amount for which it has initiated recovery proceedings against him. According to PSB, Choksi's company, Gitanjali Gems Ltd., including its merged entity Gitanjali Exports Ltd., had availed the loan from the bank.