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WINSOME GROUP OF COMPANIES
SFIO chargesheet sparks summons on 2013 'fraud'A court case unfolds a decade after the Winsome scam, involving Jatin Mehta's family, BLS, and fraudulent activities with UAE clients. The ...- Winsome group money trail leads to MacauThe money-trail on Winsome group is pointing towards Macau, the Las Vegas of Asia.
- The last Winsome link vanishes, all trails in the Rs 6,800-cr scam go coldMustafa Batliwala, key aide of group founder Jatin Mehta, is feared to have left the country.
- 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...
- 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...
- PNB Fraud: CBI turns heat on Winsome, summons former director R RavichandranWhile credits and guarantees to Winsome were sanctioned limits authorised by the bank, the LoU fraud was a string of clandestine deals.
- 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...
- 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...
- Serious Fraud Investigation Office summons 6 former Winsome independent directorsWinsome Diamonds and Jewellery, a listed company, and group firm Forever owe Rs 6,800 crore to 15 banks in India.
- Standard Chartered moves Economic Offences Wing against WinsomeWinsome group, according to banks, is India’s second-largest wilful defaulter after Vijay Mallya’s Kingfisher Airlines.
- Pressure likely to mount on Winsome after SFIO entryWinsome Diamonds will have to submit information pertaining to past eight years while its directors will have to disclose details of their ...
- ED initiates letters rogatory for information from UAE on Winsome dealingsED has initiated letters rogatory (LR) to obtain information from authorities in United Arab Emirates (UAE) on dealings related to Winsome ...
- Standard Chartered moves to PMO for backup on Winsome group,India’s largest ‘willful defaulter’British bank Standard Chartered (StanChart) has knocked on the doors of the Prime Minister’s Office (PMO), seeking the state’s help to go a...
- Winsome, 2nd largest wilful defaulter after Mallya, sacks director for seeking to bring promoter to bookThe director had asked Winsome to take legal action against Winsome promoter Jatin Mehta who left the country for Dubai a few years ago.
- Winsome Group, largest defaulter after Vijay Mallya's KFA, pays fraction of loan back to lendersThe arrangement was if Winsome failed to pay the bullion banks, Indian banks would step in to pay for the gold consignment.
- Lenders in tight spot over Winsome's default; banks want to shame company's directorsIn the summer of 2013, Winsome Group, an almost forgotten name now, had rattled the Indian bullion and diamond markets after it defaulted w...
- 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.
- 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...
- Indian lenders take Rs 4000 crore hit on Mumbai based jeweller WinsomeIndian banks have forked out well over Rs 4,000 cr to int'l bullion banks on behalf of Winsome but are unsure whether the money can be salv...
- Indian banks send team to verify Winsome's defaulting 'overseas buyers'The banks want to verify Winsome's claim that its inability to pay is due to financial difficulties faced by overseas customers.
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