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PNB fraud: Mehul Choksi says all allegations levelled by ED against him "false and baseless"


In a video posted by ANI on Twitter, the PNB fraud accused Mehul Choksi can be seen claiming that the authorities attached his property illegally. Choksi has been accused in the Rs 14,000 crore Punjab National Bank (PNB) fraud case and is wanted by the Indian government.

Mehul Choksi, one of the main accused in the Punjab National Bank(PNB) fraud case, on Monday said that all the allegations levelled by the  Enforcement Directorate(ED) were false and baseless.
"They (ED) have attached my property illegally without there being any basis of the same," he said.
Choksi was answering questions asked by news agency ANI. The agency sought answers to the queries through Choksi's lawyer.
Choksi and nephew Nirav Modi, both owners of jewellery store chains and now on the run, are suspected of colluding with two employees of Punjab National Bank, the country’s second-largest state lender, in the Rs 14,000-crore fraud that has shaken India’s banking system to the core.
Authorities say the businessmen were issued with illegal letters of undertaking (LOUs) from PNB over seven years and they used them to secure loans from overseas branches of other lenders, including Indian banks.
"On February 20, I received an e-mail from passport office which said my passport has been suspended due to reasons of security threat to India," Choksi said, adding that the authority did not reply to his mail asking how he was a security threat to the country.
Choksi has also filed for bankruptcy in the US Delaware court for his company Samuel Jewellers. The case is listed for hearing on September 13.