Mehul Choksi has said that all the allegations against him are false and baseless. "The Enforcement Directorate has attached my properties illegally without any basis," Mehul Choksi said. Mehul Choksi and celebrity jeweller Nirav Modi are being sought by multiple investigating agencies after it was revealed that the two extracted crores in loans from banks abroad on the basis of fake guarantees in the name of Punjab National Bank, India's second largest state-owned bank.