Winsome group, 2nd largest wilful defaulter after Mallya, sacks director for seeking to bring promoter to book
Winsome Group,(promoter Jatin Mehta who left the country for Dubai few years ago. Winsome Diamonds and Jewellery — a listed company — and group firm Forever owe Rs 6,800 crore to 15 banks in India. The director concerned, Satya Prakash Tanwar, a former State Bank of India officer, has said that Mehta was "solely responsible" for the exports by the diamond and bullion house Winsome to its UAE buyers, a person familiar with the development told ET.
Winsome Group,(promoter Jatin Mehta who left the country for Dubai few years ago. Winsome Diamonds and Jewellery — a listed company — and group firm Forever owe Rs 6,800 crore to 15 banks in India. The director concerned, Satya Prakash Tanwar, a former State Bank of India officer, has said that Mehta was "solely responsible" for the exports by the diamond and bullion house Winsome to its UAE buyers, a person familiar with the development told ET.