Rs 127 bn PNB scam: I fear for my safety, Mehul Choksi tells CBI in letter

'I am extremely held up in my business abroad and am working hard to resolves the issues,' the Geetanjali Gems owner added

Diamond merchant Mehul Choksi, co-accused in the Rs 127 billion Punjab National Bank (PNB) fraud, has said that "exaggerated" allegations by multiple investigating agencies has left him "completely defenceless" and that he feared for his safety to return home.

In a two-page March 16-dated letter to the Central Bureau of Investigation (CBI), Choksi denied he was a partner of Diamond R US, Stellar Diamond and Solar Exports.

These firms have been accused of conducting fraudulent transactions with Firestar International and Firestar Diamond International owned his nephew Nirav Modi, who is also an accused in the PNB fraud.

The companies were named by the CBI in