<img src="https://trc.taboola.com/1321591/log/3/unip?en=page_view" width="0" height="0" style="display:none">
Fact Check Library

Fact Check with Logically.

Download the Free App Today

true
true

CLAIM ID

decc964b

Mehul Choksi tops RBI list of defaulters.

Sunil

pin icon

India

Aug 7, 2020 6:19:00 PM

Mehul Choksi tops RBI list of defaulters.

The fugitive Mehul Choksi's Gitanjali Gems company is listed as the top defaulter with an outstanding loan amount of Rs 5,492 crore.

The fugitive Mehul Choksi's Gitanjali Gems company is listed as the top defaulter with an outstanding loan amount of Rs 5,492 crore.Top business tycoons like Mehul Choksi, the Jhunjhunwala brothers, and Vijay Mallya are among the prominent individuals linked to the companies named by the RBI in a list of the top 50 wilful defaulters. RTI's response to activist Saket Gokhale showed that outstanding loans amounting to Rs 68,607 crore taken out by 50 firms had been written off till 30 September 2019. RBI's written response to an RTI query mentions Mehul Choksi's company Gitanjali Gems as the top defaulter with an outstanding Rs 5,492 crore. Choksi's other firms Gili India and Nakshatra Brands, also have loans of Rs 1,447 and Rs 1,109 crore, respectively.

Related Keywords

Have a question or correction on one of our fact-checks?

If you think a claim has been misjudged or requires correction, please send us evidence to support your error claim. We will revisit our evidence and verdict and conduct additional research to verify new information.

Fact Check of the Day

misleading

397 children were diagnosed with heart inflammation after receiving Pfizer’s COVID-19 vaccine in U.S.

Contact us

Find out how you can help today

Find Out More