Mehul Choksi

A loan of Rs 5,280 crore extended by a consortium of 31 banks led by ICICI Bank to the companies of absconding billionaire jeweller Mehul Choksi has come under the scanner of the CBI, officials said on Wednesday. The agency questioned three officials from foreign branches of Indian banks, which had given credit facilities to the companies of absconding billionaire jewelers Nirav Modi and Mehul Choksi, on the basis of Letters of Undertaking (LoUs) issued by Punjab National Bank's Brady House branch in Mumbai.