A special PMLA court on Friday allowed the liquidator to carry out valuation and conduct an auction of unsecured properties of Gitanjali Gems Ltd (GGL) related to the money laundering in the alleged PNB loan fraud case against fugitive businessman Mehul Choksi.Choksi is the owner of Gitanjali Group a retail Jewellery firm with 4,000 stores across the country, a lawyer said here.
The properties include seven flats in Santacruz, a commercial unit in Bharat Diamond Bourse in Bandra-Kurla Complex (BKC) and office units and a shop in Diamond Park in Surat, Gujarat.
Choksi currently resides in Antigua and Barbuda where he holds citizenship.Choksi, along with his nephew Nirav Modi, is wanted in the Punjab National Bank (PNB) scam where it is alleged that the uncle-nephew duo defrauded the bank of more than Rs 14,000 crore.
An arrest warrant has been issued against Choksi, and he is wanted in India for criminal conspiracy, criminal breach of trust, cheating and dishonesty including delivery of property, corruption, and money laundering. (UNI)<>