After Nirav Modi, Mehul Choksi flee, India’s silver jewellery exports plummet 75% in FY19

There are allegations that most of the exports undertaken by the fugitive diamantaires were mainly on papers as there has not been a shift in business to other players in India. File Photo New Delhi: The impact of Nirav Modi and Mehul Choksi’s exit from India was felt in the country’s silver jewellery exports last … Read more After Nirav Modi, Mehul Choksi flee, India’s silver jewellery exports plummet 75% in FY19

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