Gitanjali Gems today said its Managing Director Mehul Choksi has been "falsely implicated" in a Rs 280 crore cheating case and will take legal steps to remove his name from the list of accused in the FIR.
Choksi is among the four accused in the FIR filed by the CBI for allegedly cheating Punjab National Bank of Rs 280.7 crore in 2017. Billionaire jeweller Nirav Modi, his brother and Choksi were among four booked in the case.
The FIR states that the accused were alleged partners in the three companies -- Diamond R US, Solar Exports and Stellar Diamonds.
In a regulatory filing, Gitanjali Gems today said that Choksi has been "falsely implicated in the first place" and he will be taking necessary legal steps to ensure that his name is removed from the list of accused in the FIR.
On the FIR that has accused Choksi and other three accused were alleged partners in the three firms that have been targeted by the CBI, the company clairified that he said
The company further clarified that Choksi retired as partner from 'Diamond R US' in 1999. "Since his retirement as Partner, he had no association or dealings whatsoever with the firm," the filing said.
In the other two firms, Choksi never had anything to do with them in any capacity neither he has been involved in any dealings whatsoever, the filing added.
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