💨 Abstract

In Mumbai, a court issued a non-bailable warrant against diamantaire Mehul Choksi in a loan fraud case involving about Rs 55 crore with Canara Bank and Bank of Maharashtra. The alleged misuse of the loan for gold and diamond-studded jewellery manufacturing and sale led to a loss of Rs 55.27 crore to the consortium.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖