25 Aug 2019
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Winsome Diamonds Refutes Charges of any Covert Operations or Siphoning
Winsome refutes all allegations
By: Diamond World News Service
Oct 12 2017 3:54PM
Reference: 15366  

The whereabouts of Jatin Mehta are unknown. Recent reports suggest that he has become a citizen of St. Kitts and Nevis. Is this true?

This is again news floated by Standard Chartered Bank and its cronies. Jatin Mehta had left India in April 2011. He had given up all his executive positions for settling out of India. For personal reasons, he took the citizenship of St. Kitts and Nevis. This was much before the defaults took place. We would like to inform you that though Jatin Mehta relinquished his executive position, he still continued with his personal guaranty for Winsome and Forever. Jatin Mehta has been contactable by the company directors and banks all through this period. He was at the meetings that took place between the customers, Directors of Winsome, and representatives of State bank of Mauritius. A settlement has been reached between the customer and State bank of Mauritius. Jatin Mehta runs his own business since 2012 and the banks and agencies also know this.

A plausible link has been established between the alleged money laundering and Singapore-based IIa Technologies and US-based Pure grown diamonds. How do you deny this?

The word “plausible link”is baseless and inflammatory. Let me correct you - there has been no money laundering. As mentioned in earlier replies, the customers have suffered a business loss, which has been now confirmed by the report with evidence submitted by the Banking and Accounting Experts to the Sharjah Federal Court. Both the Decrees of the Debt Recovery Tribunal in India as well as the Decrees by the Sharjah Federal Court clearly prove the Kroll report to be Fictitious and any money-laundering allegation to be untrue. Both the Decrees in India & UAE have clearly stated business losses as the reason for the default.

In his report in Diamond Intelligence, Chaim Even-Zohar suggested that many of the UAE-based companies are in fact one-room offices with not enough staff or facility to store diamonds and jewellery. Is his allegation baseless?

All the offices were located in Sharjah Free Zone Export area. The government of Sharjah owns the area and it allots offices to different businesses. It is fully secured and protected. This allegation was made in the created Kroll report. Winsome has been working with these customers since 2005-2006. We are not aware if this Kroll report was created by Mr. Chaim Even-Zohar along with Standard Chartered Bank.

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