The second-largest state bank blamed Modi and Choksi, accusing them of conspiring with bank employees to obtain fraudulent credit overseas. The Jain and Patel communities dominate the diamond cutting and polishing business centred on the Gujarati city of Surat. That was the case with these guys.”Representatives for both Modi and Choksi did not respond to multiple requests for comment. “That’s why many merchants stopped dealing with Gitanjali or Modi’s company long back,” said Dinesh Navadiya, former president of Surat Diamond Association, who runs a small diamond business in the city. In 2016, Prasad and six other franchisees jointly wrote a letter to Prime Minister Narendra Modi’s office accusing Choksi of fraud.

Source: bd News24 March 01, 2018 15:11 UTC