$210-million assets: IT moves court against Winsome owner’s wife


Income tax department, Black Money Act, Winsome Diamonds, Winsome firms, Winsome firms fraud, Winsome firms case, Winsome Diamonds and JewelleryIncome tax department, Black Money Act, Winsome Diamonds, Winsome firms, Winsome firms fraud, Winsome firms case, Winsome Diamonds and Jewellery Head office of Winsome Diamonds at Opera House in Mumbai. (Express Photo by: Vasant Prabhu/File)

THE INCOME Tax department has moved court under the Black Money Act against Sonia Mehta, the wife of Jatin Mehta who is the promoter of Winsome Diamonds and Jewellery Ltd, for not disclosing immovable foreign assets of $210 million, or Rs 1,450 crore, sources told The Indian Express.

Winsome Diamonds is the country’s second largest wilful defaulter, and owes Rs 4,687 crore to a consortium of banks headed by Standard Chartered Bank. Its associate firm Forever Precious Diamonds and Jewellery owes another Rs 2,121.8 crore to

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