<p class="title">Gitanjali Gems promoter Mehul Choksi, a key accused in the multi-crore Punjab National Bank (PNB) scam case, on Wednesday moved a special court here seeking cancellation of a non-bailable warrant (NBW) issued against him.</p>.<p class="bodytext">Choksi's lawyer Sanjay Abbot moved the application before special CBI court judge J C Jagdale.</p>.<p class="bodytext">In the application, he claimed that he cannot travel because of his medical condition.</p>.<p class="bodytext">The diamond merchant also claimed he was unable to disclose his current location as he was facing a threat to his life from various persons.</p>.<p class="bodytext">Choksi said that he never sought to avoid the investigation or the probe agencies and had duly responded to all the communication that he received from the investigating agencies.</p>.<p class="bodytext">He also contended that his case was completely different from that of his relative and billionaire jeweller Nirav Modi.</p>.<p class="bodytext">Choksi said the Enforcement Directorate attached his assets after registering a case based the first Central Bureau of Investigation FIR pertaining Nirav Modi even though he (Choksi) had got nothing to do with it.</p>.<p class="bodytext">After the hearing, the judge directed the CBI to file a reply and posted the matter for hearing on July 11.</p>.<p class="bodytext">The special CBI court, after taking cognisance of the second charge sheet filed in the PNB fraud case, had last month ordered the issuance of the NBW against Choksi.</p>.<p class="bodytext">The issuance of the alleged fraudulent letters of understanding (LoUs) is said to be the crux of the mega financial fraud.</p>.<p class="bodytext">An LoU is a guarantee which is given by an issuing bank to Indian banks having branches abroad to grant a short-term credit to the applicant.</p>.<p class="bodytext">In case of default, the bank issuing the LoU has to pay the liability to the credit-giving bank along with accruing interest.</p>.<p class="bodytext">Modi and his uncle Choksi are among the main accused in the fraud case pegged at over Rs 13,400 crore. They have been booked in nearly half-a-dozen cases related to the bank fraud.</p>.<p class="bodytext">Choksi and Modi are said to have left the country before criminal cases were lodged against them in February. PTI AVI GK SC SC</p>
<p class="title">Gitanjali Gems promoter Mehul Choksi, a key accused in the multi-crore Punjab National Bank (PNB) scam case, on Wednesday moved a special court here seeking cancellation of a non-bailable warrant (NBW) issued against him.</p>.<p class="bodytext">Choksi's lawyer Sanjay Abbot moved the application before special CBI court judge J C Jagdale.</p>.<p class="bodytext">In the application, he claimed that he cannot travel because of his medical condition.</p>.<p class="bodytext">The diamond merchant also claimed he was unable to disclose his current location as he was facing a threat to his life from various persons.</p>.<p class="bodytext">Choksi said that he never sought to avoid the investigation or the probe agencies and had duly responded to all the communication that he received from the investigating agencies.</p>.<p class="bodytext">He also contended that his case was completely different from that of his relative and billionaire jeweller Nirav Modi.</p>.<p class="bodytext">Choksi said the Enforcement Directorate attached his assets after registering a case based the first Central Bureau of Investigation FIR pertaining Nirav Modi even though he (Choksi) had got nothing to do with it.</p>.<p class="bodytext">After the hearing, the judge directed the CBI to file a reply and posted the matter for hearing on July 11.</p>.<p class="bodytext">The special CBI court, after taking cognisance of the second charge sheet filed in the PNB fraud case, had last month ordered the issuance of the NBW against Choksi.</p>.<p class="bodytext">The issuance of the alleged fraudulent letters of understanding (LoUs) is said to be the crux of the mega financial fraud.</p>.<p class="bodytext">An LoU is a guarantee which is given by an issuing bank to Indian banks having branches abroad to grant a short-term credit to the applicant.</p>.<p class="bodytext">In case of default, the bank issuing the LoU has to pay the liability to the credit-giving bank along with accruing interest.</p>.<p class="bodytext">Modi and his uncle Choksi are among the main accused in the fraud case pegged at over Rs 13,400 crore. They have been booked in nearly half-a-dozen cases related to the bank fraud.</p>.<p class="bodytext">Choksi and Modi are said to have left the country before criminal cases were lodged against them in February. PTI AVI GK SC SC</p>