Archive · 18 Dec 2025
Court Grants Pardon to Crystal Group's Chairman in PMC Bank Fraud Case
A court in Mumbai has allowed Mukesh Doshi, the head of Crystal Group, to become a witness in the PMC Bank fraud case.
He was accused of helping to move a large amount of money from a company called HDIL.
The court said he can avoid punishment if he tells everything he knows about the crime and the people involved.
Now, he will be questioned as a witness in the case.
Mukesh Doshi, Chairman and Managing Director of Crystal Group, was accused in the PMC Bank fraud case.
He was allegedly involved in diverting Rs 233 crore from HDIL, promoted by Rakesh and Sarang Wadhawan.
The court granted him pardon on the condition that he provides full disclosure of the offence and its abettors.
Doshi will now be examined as a witness in the case.
The decision was made by a special court in Mumbai.
- Who
- Mukesh Doshi, Chairman and Managing Director of Crystal Group
- What
- Granted pardon in the PMC Bank fraud case
- When
- Wednesday (specific date not mentioned)
- Where
- Mumbai, India
- Why
- To provide full disclosure of the offence and its abettors
- Name
- Mukesh Doshi
- Position
- Chairman and Managing Director of Crystal Group
- Case
- PMC Bank Fraud
- Amount Involved
- Rs 233 crore
- Condition for Pardon
- Full disclosure of the offence and its abettors
- Court's Decision
- Allowed to turn approver and be examined as a witness