ED attaches PNB scam accused Mehul Choksi’s properties worth Rs 24.77 crore

The Enforcement Directorate (ED) on Thursday provisionally attached immovable properties, valuables, vehicle, bank account having a total value of Rs 24.77 Crore of absconding diamantaire Mehul Choksi under Prevention of Money Laundering Act, 2002(PMLA) in Punjab National Bank Fraud Case.
The ED said in a press release that it has attached 3 commercial properties in Dubai, valuables, one Mercedes Benz E280 and Fixed Deposit Account controlled by Choksi.
It may be recalled that the ED had launched investigation in money laundering case against Choksi and other accused in February 2018 under the provisions of PMLA on the basis of FIR registered by Central Bureau Of Investigation (CBI) under sections 120-B r/w 420 of IPC, 1860 read with Section 13(2) read with 13(1)(d) of PC Act, 1988. Choksi and others are accused of committing the offence of cheating against PNB in connivance with certain bank officials by fraudulently getting the Letter Of Undertaking/Foreign Letters of Credit issued causing wrongful loss to the bank.

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