Jatin Mehta

In an exclusive find, Moneycontrol accesses a short order from March 2023 made by Justice Edwin Johnson on the exorbitant monthly allowance to diamond merchant Jatin Mehta and his family to cover living expenses, which excludes legal payments.

Diamond tycoon Jatin Mehta fails to halt banks’ $1 billion chase through UK courts

The UK’s high court on Tuesday rejected the Indian magnate’s request to halt legal proceedings initiated by liquidation firm Grant Thornton that’s backed by Standard Chartered Plc and its local Indian unit.

Winsome Diamonds case: Jatin Mehta invokes 50-year-old case involving Maharani of Baroda

The Mehtas are subject to a worldwide freezing order, but are seeking to halt the proceedings on the ground that the dispute has no meaningful connection with England.

Winsome Diamonds’ Mehta family face allegations of $1 billion fraud, have declared assets worth only $146 million

The case has its genesis in the precious metals facility between Winsome Diamonds and Standard Chartered Bank which was entered in October 2008.

Five promoters who siphoned funds overseas, defrauded Indian banks

Prior to the government’s new overseas investment rules, bankers learned some hard lessons in the corporate loan business

Winsome Diamonds fraud case: The Mehtas face global asset tracking exercise through UK court

The Mehtas of Winsome Diamonds who owe over a dozen Indian banks more than Rs 5,000 crore now face the heat through proceedings in the high court in London

After Kingfisher, CBI shifts focus to Winsome loan default case

The Central Bureau of Investigation (CBI) is filing the chargesheet in Winsome Diamonds loan default case. Like with the loans to the now bankrupt Kingfisher Airlines, CBI has evidence that proper procedures were not followed by bankers while lending to Winsome.