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Mumbai court allows auction of properties owned by Mehul Choksi's firm

These properties are: seven flats in Kheni Tower in Mumbai's Santacruz, a commercial unit in Bharat Diamond Bourse, four office units at Diamond Park in Gujarat's Surat and a shop there

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A special court in Mumbai on Thursday allowed the auction of 13 properties of Gitanjali Gems Limited, a firm of fugitive diamond trader Mehul Choksi, the prime accused in the Punjab National Bank (PNB) loan fraud case.

Judge SM Menjoge of the special court hearing cases related to the Prevention of Money Laundering Act (PMLA), while allowing the official liquidator's plea, held that if the properties are kept idle without maintenance then it will definitely reduce the value.

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