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news details
Can't pay salaries anymore, look for other jobs: Mehul Choksi writes to his employees
2/24/2018 11:18:47 AM
Agencies
Mehul Choksi, Gitanjali Gems promoter and one of the prime accused in Rs 11,400 crore Punjab National bank fraud, has written to his employees to look for other job options as he will no longer be able to pay them their salaries and other dues.

"It is very tough for me, as of now, to be clearing your dues or to pay the future salaries, in view of the seizing of the various bank accounts and other properties by the Government Agencies/ investigating Agencies. Thus, in view of firstly, no certainty about the payment of the salaries, secondly, no certainty about the payment of electricity and maintenance charges of the office to run the office, thirdly, the unfair investigation conducted by the investigating agencies, I do not want anyone to suffer due to their connection/ association with me, so I request you all to look for other career opportunities elsewhere," he said in a letter to the India staff on Friday.

Calling all allegations against him false, he asserted that he had "done nothing wrong, and ultimately, the truth shall prevail." He claimed that the agencies in India are 'hell bent' on stopping the operations of the company. "I am facing a lot of problems due to the manner in which the multiple investigating agencies/ government agencies have started to create a havoc, hell-bent upon stopping the operations," he wrote.

Choksi added that he will not be able to clear the dues of the employees on an immediate basis, he is "committed to clear your past dues, if any, once things return to normalcy." He also ended with a note that his letter is in the interest of the employees but is likely to be given "some different colour by various vested interests" and he only has the wellbeing of the employees.
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