Owner of Gitanjali Gems, Mehul Choksi, expressed his "helplessness" in a letter to his employees stating he would be unable to clear their dues in lieu of the ongoing probe in the Rs 114 billion Punjab National Bank (PNB) fraud.
Choksi, in a communication to over 3,500 employees, said it would be "very tough" to clear dues or pay future salaries, as investigative agencies had seized his bank accounts and other properties, adding the manner of investigation was starting to create havoc, and was hell-bent on stopping the operations.
He, in a letter issued by his advocate, Sanjay Abbott, suggested, in
