CBI files 3 bank fraud cases against Mehul Choksi

The CBI has registered three fresh cases of bank fraud against fugitive diamond merchant Mehul Choksi and others for causing Rs 6,748 crore loss to 40 banks.
In the three FIRs, the CBI accused Choksi of defrauding an ICICI-led consortium of 28 banks of Rs 5564. 5 crore, a PNB-led consortium of nine banks of Rs 807. 7 crore and another PNB-led consortium of three banks of Rs 375.7 crore. PNB is the complainant in all three cases.
The CBI first booked Choksi in 2018 for allegedly defrauding Rs 6,300 crore of PNB through forged letters of undertaking and foreign letters of credit. The CBI registered separate FIRs against three Choksi-controlled companies (Gitanjali Gems Ltd, Gili India Lt, Nakshatra Brands Ltd) which had been allegedly used for defrauding the banks. Choksi is a common accused in the three FIRs.