Winsome diamonds loan default: Hasmukh Shah remanded in CBI custody till Mar 26

MUMBAI: A special CBI court on Tuesday remanded Hasmukh Shah, a former director and authorised signatory of the Forever Precious Jewellery and Diamonds Ltd (FPJDL), also known as Winsome diamonds group, to the agency’s custody till March 26. The group has allegedly defaulted on loans worth thousands of crores. The CBI told the court that the FPJDL was engaged in production facilities for cutting and polishing of diamonds and for manufacture of plain and studded gold jewellery.