 "Income Tax,enforcement directorate, ED,Gitanjali groups,SEZ, income tax act, Mehul Choksi,Punjab national bank, PNB, Enforcement Directorate (ED), Prevention of Money Laundering Act (PMLA), diamond merchant nirav modi, jewellery designer nirav modi,")
A bench of the National Company Law Tribunal (NCLT) here on Monday reserved its order in the Gitanjali Gems case, in an application by the latter’s (former) independent directors (IDs) for relief.
These IDs of the scam-hit Nirav Modi and Mehul Choksi-owned jewellery companies have been summoned by investigators in connection with the letters of undertaking (LoU) scandal. The IDs involved include Gautham Mukkavilli, formerly of PepsiCo, Suresh Senapaty, who used to work with Wipro, and Sanjay Rishi of American Express.
Investigators at the enforcement directorate, income tax department and Central Bureau of Investigation, as well as at the Serious Fraud Investigation
