First time ever from Antigua, fugitive diamantaire Mehul Choksi has spoken at length to an Indian TV news channel on charges against him in the USD 2-billion Punjab National Bank (PNB) fraud. Choksi and his nephew and fellow diamond merchant Nirav Modi have been charged of defrauding the state-owned bank to the tune of Rs 13,500 crore.<br /><br />In his defence, Choksi in ABP News’ World Exclusive telecast from the Caribbean island nation, has dubbed the alleged scam as a big political conspiracy. He says “they have put so many criminal cases against me…I became a soft target. <br /><br />There is too much pressure on the government to bring people wanted for economic crimes extradited from UK.”<br /><br />Asserting that there was no fraud or scam committed by his company at all; it was rather a fraudulent complaint. He alleged “complacency in the reporting system of the bank to the reserve bank. Why the bank which conducts several audits in a year could not detect this? This is the case is most banks and you will be shocked to know how banks are run.”
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