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Gitanjali Gems Archives - The Jewelry Magazine https://www.thejewelrymagazine.com/tag/gitanjali-gems/ Latest Jewelry News From All Around The World Sat, 24 Dec 2022 10:16:16 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 Choksi’s Diamond Firm Named India’s Biggest Willful Defaulter https://www.thejewelrymagazine.com/choksis-diamond-firm-named-indias-biggest-willful-defaulter/ Sat, 24 Dec 2022 10:16:16 +0000 https://www.thejewelrymagazine.com/?p=19072

Gitanjali Gems, the company established by Mehul Choksi, the fugitive diamantaire, has been named India’s biggest willful defaulter, with unpaid loans of Rs 7,848 crore ($947m). The Reserve Bank of India (RBI), has announced a Top 50 of “can pay, won’t pay” borrowers. Gitanjali once had 4,000 points of sale, and more than a 50 […]

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