Noose Tightening? Mehul Choksi Tells PMLA Court He Can Pay Back The Banks In Full With His Trade Receivables

Fugitive economic offender Mehul Choksi who is presently resident in Antigua on Friday (27 September) said that his company Gitanjali Gems has trade receivables of over Rs 8,000 crore which is sufficient to repay his loans, reports Economic Times.

Given his alleged proceeds of crime stood at Rs 6,097.63 crore, Choksi filed a plea about it before the special judge who is presently hearing his case under the Prevention of Money Laundering Act (PMLA).

In his plea, Choksi has requested the court to direct the investigating agency Enforcement Directorate (ED) to attach all the assets belonging to Choksi, including the trade receivables which would be enough for the banks to get back the entire amount lent by them.

In another plea, the controversial diamantaire has also requested the courts to direct the ED to interrogate him in Antigua. He also requested that he be allowed to appear before the court through video conferencing mode until he turns 'fit' to travel back to India.