General Trading Chat

pareshR

Well-Known Member
Syndicate bank posted bad results, some exceptional item about 800 crores written off due to some 4-year fraud.
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.


Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
 

amitrandive

Well-Known Member
Syndicate bank posted bad results, some exceptional item about 800 crores written off due to some 4-year fraud.
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.


Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
This has now become a good cheating business,bribe some officials at the banks,sanction huge loans ,default on the loans and leave the country.
:mad:
 
No worry...if our market starts going down, we will trade from the short side tomorrow.On short term it gave a sell today itself.

Smart_trade
 

XRAY27

Well-Known Member

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