The Central Bureau of Investigation (CBI) has registered yet another case against Gitanjali Gems Limited, its fugitive director Mehul Choksi and others for allegedly cheating the IFCI Limited of ₹22.06 crore.
Among those named as accused in the case are Surajmal Lallu Bhai & Co., Narendra Jhaveri, Pradip C. Shah, Shrenik R. Shah and others.
In its complaint, the IFCI Limited alleged that during 2014-18, it had disbursed the entire loan amount of about ₹25 crore to Gitanjali Gems, based on the representations and assurances given by its functionaries, including Mr. Choksi, on the basis of pledged shares, gold, diamonds and jewellery.
