- Mehul Choksi, nephew Nirav Modi accused of massive PNB loan fraud scam
- Writes memo to employees, says allegations false and future uncertain
- Says won't be able to pay dues but hopes to re-associate in 'happy times'
"The justice that I deserve is far off, as it shall take time to prove my innocence, and the future seems uncertain presently," he said, blaming investigating agencies of being "interested not in a fair investigation but in creating a fear psychosis within my employees".
"It is very tough for me, as of now, to be clearing your dues or to pay the future salaries, in view of the seizing of the various bank accounts and other properties by the Government Agencies / Investigating Agencies," he added.
Mr Choksi is believed to be abroad while investigators in India are trying to probe him and his multi-crore companies in what is being described as India's biggest banking scandal. The First Information Report filed by the Central Bureau of Investigation names 10 directors of his companies, accused of fraud to the tune of Rs 4,800 crore.
A lawyer for Mr Modi has denied his client was involved in any fraud. Mr Choksi has not commented but his firm, Gitanjali Gems has also denied involvement in the alleged fraud.
Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on ndtv.com/elections. Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general elections.