Can repay bank loans with my trade receivables: Mehul Choksi

Mehul Choksi, a key accused in the $2 billion Punjab National Bank (PNB) fraud, claimed on Friday that his company Gitanjali Gems has "trade receivables" of over Rs 8,000 crore, enough to repay his loans. The absconding diamantaire made the claim in a plea filed before the special judge for Prevention of Money Laundering Act cases, V C Barde.

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