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WINSOME DIAMONDS AND JEWELLERY LTD.
CBI books absconding diamantaire Jatin Mehta in a fresh caseBy the time the alleged fraud surfaced, Mehta had left the country and was believed to be in one of the The Caribbean islands, the sources ...09 May, 2019, 10.17 PM IST- UAE banks get go-ahead to share Winsome information with IndiaUAE has finally allowed its banks to hand information over to India about Winsome Group, a top defaulter which owes Rs 6,800 crore to 15 ba...21 May, 2018, 10.59 AM IST
- CBI seeks RBI help to track Winsome’s UAE money trailInvestigative agency wants to reach out to UAE central bank for details on a dozen accounts in connection with .`6,800-cr default; informat...09 Apr, 2018, 08.33 AM IST
- Lenders initiate insolvency proceedings against Winsome Diamonds and JewelleryCreditors have been asked to submit claims by Feb 27. Under insolvency process, Winsome Diamonds board was suspended and the IRP vested wit...21 Feb, 2018, 09.12 PM IST
- PNB fails to learn lessons from audits of past fraudsAccording to PNB’s complaint to the CBI, the accused bank officials fraudulently issued letters of undertakings without making entries into...19 Feb, 2018, 09.32 AM IST
- SFIO asks Winsome Diamond Director to share vital informationWinsome Group is India’s second largest wilful defaulter after Mallya’s Kingfisher Airlines; group firm Forever owe Rs 6,800 crore to 15 ba...06 Jul, 2017, 12.37 AM IST
- Winsome, bankers begin to lend to select gem cosIn FY17, exports of gems and jewellery from India rose by 9.85 per cent.11 May, 2017, 10.53 AM IST
- CBI files Rs 1,530 cr cheating case against jewellery firmsCBI spokesperson R K Gaur said the agency had received complaints against both the companies from each of the three banks hence six separat...05 Apr, 2017, 09.13 PM IST
- ED attaches Rs 172-crore assets of Winsome DiamondsAs per data, of the total Rs 6,800 crore of debt and loans, Winsome owes Rs 4,680 crore to a consortium of lenders headed by Standard Chart...01 Jun, 2016, 02.55 AM IST
- Bank loan default: ED attaches Rs 172 crore assets of diamond firmED today attached assets worth Rs 172 crore of a diamond firm in connection with its money laundering probe in a major bank default case in...31 May, 2016, 10.08 PM IST
- ED set to attach assets of India’s biggest defaulter Winsome DiamondsThe company has claimed that it was taking legal action against Gulf entities that purportedly was responsible for default of over Rs 6,500...16 Jul, 2015, 11.10 AM IST
- Did top defaulter Winsome Group divert Rs 6,500 crore loan funds abroad?Winsome promoter Jatin Mehta told the banks that his buyers of gold in UAE had defaulted on payments, making him unable to repay the loans.20 Aug, 2014, 11.56 AM IST
- Lenders may tag Winsome Diamonds, Forever Precious Jewellery ‘wilful defaulters’Forever Precious Jewellery is a subsidiary of Mumbai-based Winsome Diamonds and is promoted by Jatin Mehta, who no longer resides in India.19 Nov, 2013, 11.09 AM IST
- Lenders rule out Winsome Diamonds’ Rs 4k cr loan restructureIf Winsome Diamonds goes under, lenders will bear a loss of Rs 4,000-5,000 crore because the security pledged with the banks is less than o...03 Oct, 2013, 05.29 AM IST
- Troubled Winsome Diamonds' lenders say loan recast possibleTwo of the lenders to troubled Winsome Diamonds said they are not averse to restructure their Rs 6K-cr loans, including Rs 4K-cr LCs encash...05 Jun, 2013, 10.52 PM IST
- Lenders form consortium to recover Rs 4000 crore SBLCs loss to WinsomeThe core group includes PNB, Bank of India, Central Bank of India and Canara Bank, according to a bank official.28 May, 2013, 02.42 PM IST
- Gold crash causes collateral damage: Bullion banks invoke LCs worth Rs 4,000 cr on jeweller WinsomeInternational bullion banks likely to have invoked LCs worth more than Rs 4k cr after the jeweller Winsome failed to cough up a smaller amo...24 Apr, 2013, 08.31 AM IST
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