The News Journal

A Delhi court on Friday directed the CBI to give a three-day prior notice to Congress MP Karti Chidambaram if it required to arrest him in connection with an alleged visa scam case. Special Judge M K Nagpal passed the order while dismissing his anticipatory bail plea as withdrawn. The plea was opposed by the CBI, which said it was not maintainable at this stage. CBI also stated that the agency will give notice before 48 hours at least if he Karti Chidambaram | Visa scam : Delhi Court asks CBI to give three-day prior notice to Karti Chidambaram in case of arrest was required to be arrested. Karti Chidambaram The court, however, directed that in case the CBI was required to arrest the accused, he needed to be given notice prior to three working days. Noting that the accused was currently abroad, the court further directed that he shall be joining the investigation within 16 hours after he reaches India. Read More : https://economictimes.indiatimes.com/news/india/visa-scam-delhi-court-as...

In its first information report (FIR) filed on Saturday, CBI said Choksi approached IFCI Ltd seeking financial assistance for its long-term working capital requirement and induced the financial institution to sanction a corporate loan of ₹25 crore in March 2016. The Central Bureau of Investigation (CBI) has filed a fresh case against fugitive diamantaire Mehul Choksi, his firm Gitanjali Gems Ltd (GGL) and others for allegedly cheating IFCI Ltd, a government of India entity, of ₹22.6 crore between 2014 and 2018. In its first information report (FIR) filed on Saturday, CBI said Choksi approached IFCI Ltd seeking financial assistance for its long-term working capital requirement and induced the financial institution to sanction a corporate loan of ₹25 crore in March 2016. The IFCI Ltd, according to the FIR, relied on the representation, assurances and undertakings of GGL as well as Choksi and the value of the pledged jewels on the basis of valuation conducted by valuers - Surajrml Lallu B...