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'Choksi diverted Rs 3,257 crore to foreign dummy companies'

Sify Wednesday, 12 September 2018
Fugitive diamnond jeweller Mehul Choksi, wanted in the Rs 13,500-crore Punjab National Bank (PNB) fraud case, diverted over Rs 3,257 crore of the money raised from fraudently obtained letters of undertaking (LOUs) and foreign letters of credit (FLCs) to overseas dummy firms, an informed source said on Tuesday.
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