Nirav Modi, Choksi are J&K Bank’s Defaulters too, Check out the Loan Amount Here!

From Kashmir To Kanyakumari None of The Banks Spared? J&K Bank Says Choksi Defaulted On Rs 121 Cr Loan

Mehul Choksi,  who has fled the country along with his nephew Nirav Modi, is a defaulter of Rs 152 crore for Jammu and Kashmir Bank as he soon after taking the loan from the bank turned defaulter.

The Jammu and Kashmir Bank’s Fort branch Mumbai had sanctioned loan of Rs 121 crore to Mehul Choksi for ‘Gitanjali Gems’ in 2012.

The CBI has also registered two cases — involving Nirav Modi and Mehul Choksi — pertaining to 150 LoUs worth Rs 6,498 crore and the second one involving 143 LOUs worth Rs 4,886 crore.

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