NEW DELHI: Punjab National Bank "in view of fraudulent activities" has requested Gitanjali Group firms to pay "outstanding" dues amounting to Rs 1,045.88 crore, the jewellery firm mentioned in a regulatory submitting.
Gitanjali Gems additionally launched resignation letter of impartial director S Krishnan.
The firm, a key entity curious about Rs 11,400-crore rip-off at PNB, mentioned this in respond to clarifications sought via the inventory exchanges.
The company has annexed four letters written via PNB to Gitanjali Gems, Gili India, Asmi Jewellery India and Nakshatra Brands on February eight.
Through the letters, PNB has knowledgeable these firms that "in view of fraudulent activities by the group companies Gitanjali Gems, Nakshatra Brands and Gili India, it has been decided by the bank to recall facilities being enjoyed by the company with our bank with immediate effect".
The scam-hit state-owned financial institution had requested the four team firms to pay the "outstanding dues" amounting to Rs 1045.88 crore "within days".
PNB has demanded Rs 645.12 crore from Gitanjali Gems, Rs 187.52 from Gili India, Rs 110 from Nakshatra Brands, and Rs 103.24 crore from Asmi Jewellery.
Investigating agencies, together with Enforcement Directorate, Central Bureau of Investigation and Income Tax Department, have launched probe into the alleged fraud.
Gitanjali Gems promoter Mehul Choksi along with main accused diamantaire Nirav Modi have reportedly fled the rustic. The government has suspended their passports.
Gitanjali Gems additionally launched resignation letter of impartial director S Krishnan.
The firm, a key entity curious about Rs 11,400-crore rip-off at PNB, mentioned this in respond to clarifications sought via the inventory exchanges.
The company has annexed four letters written via PNB to Gitanjali Gems, Gili India, Asmi Jewellery India and Nakshatra Brands on February eight.
Through the letters, PNB has knowledgeable these firms that "in view of fraudulent activities by the group companies Gitanjali Gems, Nakshatra Brands and Gili India, it has been decided by the bank to recall facilities being enjoyed by the company with our bank with immediate effect".
The scam-hit state-owned financial institution had requested the four team firms to pay the "outstanding dues" amounting to Rs 1045.88 crore "within days".
PNB has demanded Rs 645.12 crore from Gitanjali Gems, Rs 187.52 from Gili India, Rs 110 from Nakshatra Brands, and Rs 103.24 crore from Asmi Jewellery.
Investigating agencies, together with Enforcement Directorate, Central Bureau of Investigation and Income Tax Department, have launched probe into the alleged fraud.
Gitanjali Gems promoter Mehul Choksi along with main accused diamantaire Nirav Modi have reportedly fled the rustic. The government has suspended their passports.
PNB asks Gitanjali group firms to pay Rs 1,045 crore
![PNB asks Gitanjali group firms to pay Rs 1,045 crore]()
Reviewed by Kailash
on
February 20, 2018
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