PNB fraud accused Choksi defrauded J&K Bank of â¹152 crore
Jeweller Mehul Choksi, who is an accused in the â¹11,400 crore PNB fraud, has also defrauded the Jammu and Kashmir Bank of â¹152 crore. A Mumbai branch of the bank had sanctioned a loan of â¹121 crore to Mehul Choksi for Gitanjali Gems in 2012. An official said that no effort was made to recover the loan in 6 years.