The collateral damage of PNB scam being felt on Gitanjali employees…

The bank may choose to give loans on little collateral but eventually someone has to pay the collateral. In this case, it is the employees of the Gitanjali group:

The Punjab National Bank – Nirav Modi scam has left thousands of employees of various companies owned by the billionaire diamond jeweller and Mehul Choksi stranded, unemployed and helpless. Workers who’ve dedicated over a decade of their lives to Modi and Choksi’s companies Gitanjali Gems and its various subsidiaries are now struggling to make ends meet, to pay their rent or to collect money for their loved one’s medical treatment.

Let’s listen in to the unheard voices of employees of the Gitanjali group in Mumbai who are living a nightmare in the wake of the PNB- Nirav Modi & Mehul Choksi fraud:

It is really sad to see a business which has been built by the Panapuri Jains on trust and community building, to be seen in this mess…

 

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