Court approves sale of Gitanjali Gems’ assets linked to fugitive Mehul Choksi in PNB fraud
New Delhi: A special court under the Prevention of Money Laundering Act (PMLA) has allowed the liquidator of Gitanjali Gems Ltd, associated with fugitive businessman Mehul Choksi. The court has ordered to evaluate the value and sell some assets which are not owned by others and the sale money will be kept in fixed deposits under its name until the money laundering case is over.
The order was given by special judge AV Gujarathi on November 4, and approved the application of liquidator Shantanu Ray, appointed by the National Company Law Tribunal........





















Toi Staff
Gideon Levy
Tarik Cyril Amar
Sabine Sterk
Stefano Lusa
Mort Laitner
Mark Travers Ph.d
Ellen Ginsberg Simon
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Gina Simmons Schneider Ph.d