Mehul Choksi or Mehul Chinubhai Choksi is a famous businessman that conducts the Gitanjali Gems Limited. According to reports, he had been included in the event of defrauding the Punjab National Bank of roughly Rs. 11, 400 crores.
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Mehul was created on 5 May 1959 in Mumbai, India. He conducts on the Gitanjali Gems Limited, which will be among the largest integrated diamond and jewelry retailers in India. The business also export its goods of diamond and jewelry to Global markets also for example in Italy, Antwerp, China, Japan, Thailand, Hong Kong, etc.. Gitanjali has distinct jewellery products and gemstone brands like Gili, Nakshatra, Asmi, D'damas, Maya, Diya, Sangini, Collection grams , Gold , etc..
Physical Appearance
He's roughly 5' 5" tall and weighs about 120 kg.
He belongs to some Gujarati household. His dad Chinubhai Choksi is also a diamond dealer. His nephew Nirav Modi is a renowned businessman who set the pearl jewelry company Firestar Diamond International and started his new brand, Nirav Modi. He traces the Jain faith.
Nirav Modi
He's a married man and has one kid Rohan and two brothers, one of these called Priyanka.
Mehul Choksi together with his spouse
Mehul Choksi boy Rohan together with his spouse and Mika Singh
Career
After education, Mehul started studying in the University of Mumbai, but he fell from the school and began working with his dad in his diamond jewelry firm Gitanjali Gems Limited at 1975. He started running his daddy's company and in 1998 became the manager of the business.
On 19 December 2006, Gitanjali obtained Samuel Jewelers Inc.. That runs a nationwide chain of retail shops and became the vast majority shareholder and seller associate of Samuel. The 111 high-end shops came under Gitanjali. At precisely the exact same year, he started the IPO of his firm.
Controversies
Much like the former Managing Director of Gitanjali Gems Limited Santosh Srivastava and several other franchise holders of Gitanjali maintained that the majority of the diamonds offered by Mehul Choksi were laboratory produced with reduced valuations in contrast with the selling cost.
Back in February 2018, Punjab National Bank (PNB) filed a complaint against his nephew Nirav Modi by alleging that he had been defrauding the bank of roughly Rs. 11, 400 crores. In accordance with the reports, Mehul Choksi, Ami Modi (Nirav Modi's spouse ), also Nishal Modi (Nirav Modi's brother) also have included in this event of fraud. The lender also claimed they were involved with issuing bank statements or Letters of Undertakings (LoU) in the Mid Corporate Branch of the lender at the Brady House of Mumbai. The Directorate of Enforcement manages this instance.
Truth
Throughout his adolescent years, he wished to become the world's biggest luxury player in branded jewelry.
Some popular celebrities such as Katrina Kaif, Aishwarya Rai Bachchan, etc. supported his brands.
In 2011, he also received the excellent entrepreneurship award in the Asia Pacific Entrepreneurship Awards in New Delhi.