Fraud & Ethics
Legal
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‘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’, The Indian Express reported sources privy to the development as saying….
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Click here to read the full story: Financial Express