{"id":293879,"date":"2025-04-30T06:09:22","date_gmt":"2025-04-30T06:09:22","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/30\/mumbai-court-issues-non-bailable-warrant-against-mehul-choksi-in-loan-fraud-case\/"},"modified":"2025-04-30T06:09:23","modified_gmt":"2025-04-30T06:09:23","slug":"mumbai-court-issues-non-bailable-warrant-against-mehul-choksi-in-loan-fraud-case","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/30\/mumbai-court-issues-non-bailable-warrant-against-mehul-choksi-in-loan-fraud-case\/","title":{"rendered":"Mumbai court issues non-bailable warrant against Mehul Choksi in loan fraud case"},"content":{"rendered":"
\"Mumbai<\/div>


\n<\/p>\n

A court here has issued a non-bailable warrant<\/a> against diamantaire Mehul Choksi<\/a> in the Canara Bank-led consortium loan fraud case<\/a> involving about Rs 55 crore. Choksi, a prime accused in the multi-million dollar Punjab National Bank<\/a> (PNB) “fraud”, was arrested in Belgium on April 12 following an extradition request by Indian probe agencies. <\/p>\n

The non-bailable warrant against him was issued recently by Additional Chief Judicial Magistrate (Esplanade Court) R B Thakur. <\/p>\n

The matter has been adjourned to June 2 for a report on the warrant. <\/p>\n

The Central Bureau of Investigation<\/a> (CBI) has alleged that the Canara Bank<\/a> and the Bank of Maharashtra<\/a> had sanctioned Rs 30 crore and Rs 25 crore, respectively, as working capital facilities under a consortium agreement to Bezel Jewellery<\/a>. <\/p>\n

\n
\n
<\/div>\n

Live Events<\/h3>\n<\/div>\n<\/div>\n


The loan was granted for the manufacturing and sale of gold and diamond-studded jewellery, but the company allegedly did not use it for the intended purposes, according to the CBI. The company did not repay the loan, causing a loss of Rs 55.27 crore to the consortium, the agency has alleged. Choksi and his nephew Nirav Modi<\/a> are prime accused in the Rs 13,500-crore PNB “fraud”. <\/p>\n

While Choksi is fighting for bail in a court in Belgium, Nirav Modi has been in jail in London since 2019.<\/p>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A court here has issued a non-bailable warrant against diamantaire Mehul Choksi in the Canara Bank-led consortium loan fraud case involving about Rs 55 crore. Choksi, a prime accused in the multi-million dollar Punjab National Bank (PNB) “fraud”, was arrested in Belgium on April 12 following an extradition request by Indian probe agencies. The non-bailable […]<\/p>\n","protected":false},"author":2,"featured_media":293880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/118783427.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[79449,228528,28683,1287,9547,56104,1625,6229,1678,2070,228527,56103,56097,352,78847,17321,224659,8943,106268,17320,8944],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/293879"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=293879"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/293879\/revisions"}],"predecessor-version":[{"id":293881,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/293879\/revisions\/293881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/293880"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=293879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=293879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=293879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}