Mehul Chokshi, the mega fraudster, the dubious promoter of Gitanjali Gems, who has cheated dozens of banks/lenders for over Rs.14000 cr. and is now safety settled in Antigua Caribbean, with no news about his extradition to India, to face the law here wanted to be the Louis Vuitton/Cartier of India and he made an ambitious foray into diamond jewellery manufacture and retailing after he took over his father’s diamond company, which was set up in the 1960s, which was till then focussed on diamond trading.The entire foray of Mehul Chokshi into jewellery retailing was unprofitable and he was continuously losing money from its very start. But with the help of colluding auditors and bankers, he hid these losses, showed a rosy picture for years and kept borrowing. We tell you the details of how Mehul Choksi lost his millions and how he managed to avoid the law which finally culminated in the demise of his flagship company Gitanjai Gems which is how headed for liquidation. #Mehul Choksi #GitanjaliGems #NiravModi
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