After Goodwin default, IBJA calls for ban on jewellers’ deposit schemes

Less than two years after the Punjab National Bank (PNB)-Nirav Modi/Mehul Choksi scam rocked the entire jewellery industry, Kerala-based Goodwin Group’s default in redemption of jewellery schemes ahead of Diwali has again jolted investors and the jewellery industry. Having started as a small jewellery manufacturing unit in Thrissur in 1992, the Goodwin group gradually entered … Read moreAfter Goodwin default, IBJA calls for ban on jewellers’ deposit schemes