All you need to know about the fresh CBI probe into Mehul Choksi loan fraud

Loan fraud by a group of companies belonging to Mehul Choksi came to light when the CBI registered an FIR on February 15 in the PNB fraud case

During the course of its investigation in the Rs 139 billion Punjab National Bank fraud, the Central Bureau of Investigation (CBI) found one of the prime accused, Mehul Choksi had taken a loan worth Rs 52.8 billion from a consortium of banks and that is still unpaid.

The CBI is examining the irregularities in the loan extended by the consortium and it has already probed ICICI Bank executive director N S Kannan in February. The CBI has not registered a separate FIR in the Rs 52.8 billion loans taken by a group of companies belonging to Choksi as it