India Gems Diamonds

GITANJALI GEMS CHIEF TO EMPLOYEES: FIND NEW JOBS

Mehul Choksi, owner of Indian jewelry retail giant Gitanjali Gems, published an open letter to his employees over the weekend, telling them to “look for new jobs”, according to IDEX Online. Choksi and his nephew Nirav Modi are suspected of colluding with two employees of the Punjab National Bank out of $1.8 billion.

 

Choksi claimed that he is innocent in the letter, but told employees that he cannot pay their wages, and that they should feel “free to look for other employment until he was able to prove himself innocent in court”. Choksi added: ““With recent false allegations leveled against me of defrauding the PNB Bank and media frenzy, the situation has gone grave, which is turning graver by the day”.

 

Along with Choksi and Modi, six employees of PNB and six more from Modi’s and Choksi’s companies have been arrested.

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