The Karnataka Bank Ltd has informed the Reserve Bank of India that Gitanjali Gems owned by Mehul Choksi had committed a Rs 86.47 crore fraud in the fund based working capital.
The BJP has accused former finance minister of India, P Chidambaram of granting several private firms including PNB scam accused, Gitanjali Gems, gold import benefits on the day of the counting of the 2014 Lok Sabha elections. The BJP also sought to know how many cuts was given and to whom for the decision.
The probe by the Enforcement Directorate has revealed that an additional Rs 3,000 crore was lent by 17 banks to many companies belonging to Nirav Modi. Even as the raids continued, the ED registered another case against Nirav and his uncle’s company, Gitanjali Gems.