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Podcast: Moneylife News Bites
Episode: Big Bank Defaulter Jatin Mehta of Winsome Diamonds: Let Off in India, May Be Nailed by UK Courts
Description: Winsome Diamonds was a massive corporate default that burst on the business world sometime in 2013—in the same manner as Gitanjali Gems and Niraav Modi. The three are similar because their companies were huge advertisers and this got them loads of high-profile publicity, until they suddenly vanished, leaving massive defaults on the books of Indian and foreign banks. Listen to this week's episode as Sucheta Dalal discusses the case of Jatin Mehta and Winsome diamonds. Hosted on Acast. See acast.com/privacy for more information.