An amount of $715,000, which was wire transferred by the Gems and Jewellery Export Promotion Council of India (GJEPC) to the account of theJCK show organizers in the US, is reportedly not traceable as per a report in Times of India, quoted by Rough & Polished.
The GJEPC has approached the cyber-crime cell of Mumbai police, CBI and ministry of finance after JCK organizers denied receiving payment for the stalls and other facilities.
According to GJEPC chairman Praveen Shanker Pandya, “They (JCK organizers) have not received the payment that was wire transferred from our official account […] The council is yet to receive any confirmation from the bank where the money was lost or hacked. The bank is investigating on its part to trace the money wire transferred from the council’s account.”
