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PNB fraud: ED arrests Choksi's Hong Kong firm director

IANS  |  New Delhi 

The on Tuesday said that it has arrested from Kolkata a of a shell company of fugitive diamentaire in the Rs 13,500 crore (PNB) fraud case.

"We have arrested from on the basis of a Look Out Circular (LOC) issued against him late on Monday," a told IANS.

Kulkarni, who was coming from was detained at the airport by the ED officials in Kolkata who then took him to their office.

They would seek a transit remand of Kulkarni as the PNB fraud case is registered in

Kulkarni was of one of the dummy companies of the owner in Hong Kong, the said. He was also made an accused in the charge sheet filed against Choksi and a non-bailable warrant was issued against him.

Choksi and are under probe by both the and the ED. The ED filed money laundering cases against them and others on February 15 on the basis of an FIR registered by the CBI.

The ED had on May 24 and May 26 filed charge sheets against the two.

While an issued Red Corner Notice (RCN) is on against Nirav Modi, his kin and associates.

The RCN request against Choksi, who acquired Antiguan citizenship earlier in 2018, is pending with the



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 06 2018. 11:28 IST