PNB fraud: ED arrests man linked to Choksi's businesses from Kolkata airport

Both Choksi and Modi are absconding since the case was registered by the ED and the Central Bureau of Investigation (CBI).

Published: 06th November 2018 07:27 AM  |   Last Updated: 06th November 2018 11:08 AM   |  A+A-

PNB (File | Reuters)

By PTI

New Delhi: The Enforcement Directorate (ED) arrested an executive of a firm linked to fugitive jeweller Mehul Choksi on Monday in connection with its money-laundering probe in the USD 2-billion PNB fraud case, officials said.

They added that Deepak Kulkarni was apprehended from the Kolkata airport after he landed from Hong Kong.

Kulkarni was arrested under the Prevention of Money Laundering Act (PMLA) and was expected to be produced before a court on Tuesday, the officials said, adding that the ED would seek his transit remand to take him to Mumbai, where the case was registered.

Kulkarni was linked to the overseas businesses of Choksi, one of the main accused in the case, and the ED had notified a Look-out Circular (LoC) against him, the officials said.

He was a director in a Hong Kong-based "dummy" firm linked to Choksi, an official said, adding that the ED had named him in a chargesheet filed against the fugitive jeweller earlier this year and a Mumbai court had also issued a non-bailable warrant against him.

Choksi, his nephew and diamond jeweller Nirav Modi and others are being probed under various criminal laws after the fraud came to light this year, following a complaint from the Punjab National Bank (PNB) that they allegedly cheated the nationalised bank to the tune of over Rs 13,000 crore, with the purported involvement of some of its employees.

Both Choksi and Modi are absconding since the case was registered by the ED and the Central Bureau of Investigation (CBI).

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

facebook twitter whatsapp