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Market NewsNewsDe Beers removes Gitanjali Group from Sightholder list

De Beers removes Gitanjali Group from Sightholder list

Gitanjali Group owned by Mehul Choksi has lost its prestigious sightholdership with the world’s leading diamond mining company De Beers following his involvement in India’s biggest bank fraud along with his billionaire nephew Nirav Modi, The Times of India (TOI) reported.

In an article published in TOI on February 22, 2018 under the heading ‘Gitanjali may lose De Beers sightholder status’, De Beers group had clarified that the company won’t do business with firms not complying with financial propriety and industry reputation issues, said the Times of India report.
 

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