The amount includes fund-based and non-fund-based credit as of March 2017 9 months before fraud was detected.
The agency had earlier registered a separate case involving Rs 280-crore fraud, which has now been expanded to cover LoUs worth Rs 6,498 crore issued to accused companies of Nirav Modi and Choksi. (Photo: File)
Hyderabad: The Telangana state government has sought reports from revenue officials, the Ranga Reddy district administration and the TS Industrial Infrastructure Corporation on irregularities in land allotments to the Gitanjali Group owned by Mehul Choksi, the maternal uncle of Nirav Modi, in the Rajiv Gems Park SEZ in Ravirala on the city’s outskirts.
The Congress government in 2005 allotted 95 acres to the Gitanjali Group in the Rajiv Gems Park SEZ after the company promised to set up jewellery and watch manufacturing units, training centres for manufacturing jewellery and cutting and polishing of diamonds.
( Source : Deccan Chronicle. )
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