An examiner will be appointed in the case of Samuels Jewelers Inc., the string of stores owned by Mehul Choksi, one of the men sought by Indian authorities in connection with an alleged $2 billion bank fraud, WSJ Pro Bankruptcy reported. Judge Kevin Carey ordered the appointment of an examiner yesterday, after a brief debate in the U.S. Bankruptcy Court in Wilmington, Del., where Samuels filed for chapter 11 on Aug. 7, its business battered by fallout from the allegations of fraud brought against it by one of India’s largest banks. Punjab National Bank, a state-owned financial institution, says it was defrauded by Choksi, who owns Samuels, and by his nephew Nirav Modi, owner of Firestar Diamonds Inc. and other jewelry concerns.
