Gitanjali Gems
ED Transfers Four Mumbai Properties Linked to Mehul Choksi in PNB Fraud Case Recovery Efforts
Nov 25, 2025 02:30 am CST
The Enforcement Directorate has transferred four Mumbai residential flats connected to Mehul Choksi to a liquidator as part of ongoing recovery efforts in the Rs 6,097.63 crore Punjab National Bank fraud case. This action adds to the Rs 2,565.90 crore in assets already seized, with proceeds intended to benefit victim banks and creditors through court-supervised auctions.
Mumbai Court Approves Auction of Mehul Choksi's Properties Worth Rs 46 Crore in PNB Fraud Case
Nov 09, 2025 02:16 pm CST
A Mumbai special court has authorized the valuation and auction of 13 unsecured properties linked to fugitive businessman Mehul Choksi, worth approximately Rs 46 crore. These assets include flats, commercial units, and silver bricks connected to Gitanjali Gems Ltd, the company central to the Rs 23,000 crore PNB fraud case. Meanwhile, Choksi has challenged his extradition ruling in Belgium's Supreme Court.