Every picture tells a story; and every precious piece of jewelry does too. Few more so than the jewelry seen during the Haute Joaillerie season which took place during the famous French haute couture week.
On July 4, shares of Mehul Choksi’s jewellery brand Gitanjali Gems dropped by over three percent following the ED’s application to a special Mumbai court to label Choksi a “fugitive economic offender”.
The ED is set to ask a special court in Mumbai to brand jewellery tycoon Mehul Choksi a "fugitive economic offender" and confiscate over Rs 6,000 crore ($900 million) in assets as part of the PNB fraud case.
Two days after Interpol issued a Red Corner Notice against jewellery Nirav Modi, the Punjab National Bank (PNB) has moved the Debts Recovery Tribunal (DRT) to recover Rs 6,800 crore ($1 billion) in assets.
Interpol has issued a red notice request to find and arrest fugitive Indian billionaire jeweller Nirav Modi, who is at the heart of a $2 billion-plus bank fraud case, the international agency said on its website.