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#SuchetaDalal_Breaking

Another Gujarat businessman absconds while Indian banks and agencies close their eyes. But a British court gets him. Jatin Mehta of Winsome Diamonds. Great investigative reporting by Sucheta Dalal.

The Modi regime has been reporting that Jatin Mehta has been untraceable. While Indian lenders and investigators were hunting for the Mehta family, he was comfortably residing in the UK and had registered Diamond Distribution Co (UK) Ltd in 2016 with a Bell Street (London) address.

“I had then documented how there was little effort or cohesive action by the regulators and investigation agencies to go after Jatin Mehta, despite a Rs 6,800 crore fraud, in sharp contrast to how Vijay Mallya is being pursued, despite his willingness to pay back all he owes with interest. On the contrary, CBI’s closure report of 2021 and the failure to get an Interpol alert was used by Jatin Mehta and family as arguments in their favour; but these were brushed aside by the court.”

https://m.thewire.in/article/banking/jatin-mehta-winsome-diamonds-fraud-uk-court?fbclid=IwAR2qPIshjgR5qzrlPvbachA7Cllm2sdeDSF9LPDiVw6RDPc__tLRtP2Ll9E