PNB fraud: Nirav Modi, Mehul Choksi put jewellery sector’s growth at stake

The alleged fraud at state-owned Punjab National Bank (PNB), involving diamond traders Nirav Modi and Mehul Choksi, has taken a new twist as the amount rose to Rs 12,700 crore from previous Rs 11,400 crore, putting the health of gems and jewellery sector’s growth at stake. PNB alleged that one of its former employees provided … Read more PNB fraud: Nirav Modi, Mehul Choksi put jewellery sector’s growth at stake

Investors allege fraud by jeweller

Yet another case of an alleged investment fraud has surfaced in Kochi with a group of investors coming up against Avatar Gold and Diamonds accusing it of swindling money. Addressing mediapersons here on Monday, the investors alleged that the jewellery group failed to return the money they had invested in schemes offered by it. According … Read more Investors allege fraud by jeweller