Case, which has left banks with a total exposure of ₹6,800 crore, has baffled probe agencies

Mustafa Batliwala, key aide of group founder Jatin Mehta, is feared to have left the country.

UAE 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...

Investigative agency wants to reach out to UAE central bank for details on a dozen accounts in connection with .`6,800-cr default; informat...

While credits and guarantees to Winsome were sanctioned limits authorised by the bank, the LoU fraud was a string of clandestine deals.

Winsome Group is India’s second largest wilful defaulter after Mallya’s Kingfisher Airlines; group firm Forever owe Rs 6,800 crore to 15 ba...

Agencies such as ED and CBI need help from the UAE to verify Winsome’s explanation for its inability to repay Indian banks

Winsome Diamonds and Jewellery, a listed company, and group firm Forever owe Rs 6,800 crore to 15 banks in India.

The law enforcement and economic intelligence agency will move the special court in the next three weeks to secure a warrant.

Winsome Diamonds will have to submit information pertaining to past eight years while its directors will have to disclose details of their ...

ED has initiated letters rogatory (LR) to obtain information from authorities in United Arab Emirates (UAE) on dealings related to Winsome ...

The director had asked Winsome to take legal action against Winsome promoter Jatin Mehta who left the country for Dubai a few years ago.

In the summer of 2013, Winsome Group, an almost forgotten name now, had rattled the Indian bullion and diamond markets after it defaulted w...

Two 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...

The core group includes PNB, Bank of India, Central Bank of India and Canara Bank, according to a bank official.

Indian 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...

International bullion banks likely to have invoked LCs worth more than Rs 4k cr after the jeweller Winsome failed to cough up a smaller amo...