registered

The CBI has registered a case against Mehul Choksi based on a complaint filed by IFCI Limited for allegedly causing a loss of around Rs 22 crores. "It was also alleged that the said Director colluded with the Valuers and got the valuation of the pledged jewels done with exorbitant and inflated value. The diamonds were allegedly of low quality and not real gemstones," shared a CBI official.