‘Wilful defaulter’ Winsome Diamonds diverted $750 million to dummy companies, says probe

Winsome Diamonds and Jewellery, one among the biggest wilful defaulters, diverted at least $750 million to six companies in Hong Kong, Bahamas and UAE, directly or indirectly controlled by its promoter Jatin Mehta, through a web of ‘dummy companies.’

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NaFJ8t