Tuesday, February 20, 2018

PNB Fraud: 2017 EY Report red-flagged flaws in Gitanjali Gems' account

According to the EY report which has been reviewed by ET, two parties – Trans Exim and Crown Aim – constitute 54% (amounting to Rs 2,081 crore) of export debtors as of mid-2016. Crown Aim is a group company and Trans Exim was incorporated by one of the relatives of the Gitanjali promoters.

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