Wednesday, October 21, 2020

Choksi siphoned funds received as LOUs to overseas firms

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Post Comment Read Comments The Enforcement Directorate (ED) on Thursday said that Gitanjali Group chief Mehul Choksi siphoned off funds received as LOUs from banks to his overseas companies through alleged foreign suppliers. "Funds of LOUs (Letter of Undertaking) obtained fraudulently were siphoned off through their alleged overseas suppliers […]

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