Mehul Chowksi Was Mastermind In The Scam: Enforcement Directorate

News World India | 0
| July 27 , 2018 , 18:08 IST

The Enforcement Directory (ED) on Friday in a charge sheet filed before a Mumbai court against fugitive Mehul Choksi stated that Mehul Choksi was the mastermind behind the behemoth PNB scam of Rs 13,417 crore.

''Choksi had designed the entire scheme of fraud and the movement of the money under the garb of import and export," ED said in charge-sheet.

"These companies had directors and partners who acted as dummies while ultimate decision making was only with Choksi. Some of these companies used for receiving proceeds of crime and also for laying, siphoning and parking of funds," it said.

Also Read: Antigua Govt To Consider India's Request To Send Back Fugitive Mehul Choksi 

It came after, the Gitanjali Gems promoter Choksi denied all the allegations on Friday.

In a statement issued to a Caribbean newspaper the Daily Observer in Antigua, Choksi through Counsel David Dorsett has said, "I can say categorically, that there is no truth in those allegations."

The Central Bureau Of Investigation filed its second charge sheet in the multi crores bank fraud involving diamond traders Nirav Modi and Mehul Choksi on May 16 in a special CBI court in Mumbai.

The agency had named four senior bank officials in its first charge sheet. Nirav Modi and Mehul Choksi have been named in both the chargesheets.

As per the Charge-sheet Choksi and his uncle of Nirav Modi is ‘wanted’ under sections 120(B) of the Indian Penal Code read with Sections 409 and 420 of IPC and relevant provisions of Prevention of Corruption Act.