Like our Facebook Page

Early Times Newspaper Jammu, Leading Newspaper Jammu
Breaking News :   Rajya Sabha election result: 4 JDS rebels set to join Congress in Karnataka | Demonetisation, GST Were "Massive Damage" To Indian Economy: Rahul Gandhi | Class V girl set on fire after gang rape, dies | Protest March After Delhi Cops Thrash Photo Journalist Covering JNU Padyatra | Nowshera agitation: Police tear gas stone-pelting protesters | MASSIVE SEARCH OPERATION IN JAMMU AND KASHMIR BORDER VILLAGES | Fodder scam: Lalu gets 14 yrs in jail in Dumka treasury case; 10 highlights | Jammu heading towards a major confrontation | Dukhtaran-e-Millat sends security agencies into tizzy, hosts Pakistan Day function | Govt spares deadwood officials | For Edu Deptt, female teachers can neither marry in Jammu nor in Srinagar | Sehrai dashes Malik's dream to replace Geelani | Afghanistan hold nerves to beat Ireland, qualify for 2019 World Cup | 2 terrorists killed in encounter with security forces in J&K's Anantnag | Hindi workshop for ASOs of KVS Jammu region held | Randhawa lays foundation of Sulabh Toilet | JKRETTF submits memorandum to DDC Rajouri, put fourth demands | 70 pouches of illicit liquor seized, one held | BLSKS unveils mega Navratra Festival at Katra | Prof. Bhim Singh falls ill, fails to attend foundation day of party | SKUAST-J Organizes Pre-Kharif Workshop | JKPA delegation call on I&B and Home Minister | Armed Forces Special Powers Act: The myth and the reality | Jammu Muslim at a Cross Roads | Pak wants not bilateral talks but conflict on border | Nowshera residents reject 'cosmetic' measures, reiterate demand for district | 95 items recovered from the terrorists killed in Kupwara encounter, search operation still on | SHO Achabal killing case: Murder charges framed against 8 LeT Militants | Home Ministry mulling hike in ex-gratia for terror victims | 3 drug peddlers held with 1800 grams heroin: Police | Ex-PCC secy finds faults in PCC, AICC polls | 8 districts in State without DTC | Murdered Kishtwar hotelier's family seeks CB probe | ISIS flags in Kashmir 'help' Delhi, what about Pak flags? | Issues of daily wagers in judiciary: SC stays proceeding before HC | Documents not kept in public domain; Farmers denied info under RTI | Cracks in JRL as Pakistani forces kill JKLF man in PoK | DHSK violating transfer policy, alleges RTI applicant | 3 member committee to probe appointment of Night Chowkidars | SRTC Jammu starts AC Bus service for Haridwar | Sachit Jain takes charge Chairman CII Northern Region, Sameer elected DC | Volleyball selection trials to start form Mar 24 | BIS Jammu organizes Graduation Ceremony | 8th state shooting championship begins | GDC Udhampur organizes awareness rally on Save Water | 3rd phase of MMS Memorial Football tournament begins | DPS students excel in National essay competition | J&K bank concludes 10 days awareness camp | Five days training workshop concluded | Awareness camp on disaster management organized | Modi's Experiment Coalition Government has failed: Dr Sharma | Bovine Rescued | Rehdi-Fadi worker union stages protest demonstration | People protest over water crisis, block road | Kot Bhalwal residents resent over dumping of garbage | 95 items recovered from terrorists killed in Kupwara encounter, search operation still on | HC quashes premature retirement of I/C DM SFC | DGP sanctions special reward of Rs 56,600 for Police wards | HC directs PSC not to finalize selection of Lecturer Oral Medicine & Radiology | DSE J inspects examination centres | Gulmarg land scam: Status report filed in HC | Dy CM convenes public grievances redress camps | JYF demands CBI probe in illegal appointment of Assistant Professors in JU | AAP condemns lathicharge on Anganwari workers | BBIA demands extension of central package for state | People of Doda aghast over transfer of lady doctor | Anti- encroacment drive continues for Rajouri beautification | Shiv Sena criticizes State Govt for pro-militant polices | NC expresses grief over killing of soldiers in Valley | Dismissal of BJP-PDP Govt is only option to save state: Harsh | Anniversary of Nadimarg massacre observed | Back Issues  
news details
J&K Bank mulls legal action against Mehul Choksi
2/21/2018 10:37:40 PM
New Delhi, Feb 21: Jammu and Kashmir Bank's Fort branch had reportedly sanctioned a loan of ?121 crore to Mehul Choksi for his Gitanjali Gems diamond showroom in Mumbai in 2012. Choksi however allegedly turned defaulter
Beleaguered diamond trader Mehul Choksi, who is not in the country, has also been accused of defrauding Jammu and Kashmir Bank of ?152 crore, which he had availed as loan for Gitanjali Gems, according to a news report. Jammu and Kashmir Bank's Fort branch had sanctioned a loan of ?121 crore to Mehul Choksi for his diamond showroom 'Gitanjali Gems' in Mumbai in 2012. Choksi-who is the chairman and managing director of Gitanjali Gems, however, allegedly turned defaulter.
"The bank is contemplating legal action against Mehul Choksi like other banks, which have also been defrauded by Choksi and Nirav Modi," Jammu and Kashmir Bank's chairman-cum-chief executive officer Parvez Ahmad was quoted as saying by a local daily.
On February 17, as part of its ongoing countrywide searches in properties linked to billionaire jewellery designer Nirav Modi and Choksi, officials of the Enforcement Directorate raided a showroom of Gitanjali jewellers at Udhampur town in Jammu and seized gold jewellery and diamonds worth ?2.5 crore, said the report.
Earlier, the CBI on Tuesday arrested five senior executives of companies belonging to billionaire Nirav Modi and his uncle Choksi, including Vipul Ambani, president (Finance) of Firestar International.
The agency has so far arrested 11 persons including six PNB officials, according to reports.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
Early Times Android App
BSE Sensex
NSE Nifty
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
J&K Govt. Official website
Jammu Kashmir Tourism
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
Train Enquiry
Jammu Kashmir Bank
State Bank of India
Passport Department
Income Tax Department
IT Education
Web Site Design Services
Jammu University
Jammu University Results
Kashmir University
IGNOU Jammu Center