Preeti Kothari, wife of fugitive jeweller Mehul Choksi, Tuesday moved to the Mumbai special court seeking cancellation of the bailable warrant issued against her in connection with over ₹13,000-crore Punjab National Bank (PNB) loan fraud case
Indias Biggest Bank Frauds: Mehul Choksi, a fugitive diamantaire, is at the top of the list of Indias worst willful defaulters after defaulting on loans totaling Rs 7,848 crore.
As many as 369 big defaulters, with an outstanding of Rs100 crore and more, owe more than Rs1.39 lakh crore to scheduled commercial banks and all India financial institutes (AIFI). Gitanjali Gems Ltd, owned by fugitive businessman Mehul Choksi, remains the top wilful defaulter with an outstanding of Rs8,065 crore as of 31 March 2023, reveals a reply received under the Right to Information (RTI) Act.
SEBI May Raise Borrowing Threshold for Large Corporates While MSMEs Struggle With Loan Access thewire.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewire.in Daily Mail and Mail on Sunday newspapers.