Consumer recourse in case of Nirav Modi/Gitanjali
Can the experts please read the details below and please advise what is the recourse for the consumer who bought an item from Nirav Modi or Gitanjali at these artificial prices in the last 1-2 years. Is there one?
The enforcement directorate (ED) was shocked to find out that Nirav Modi and Mehul Choksi of Gitanjali Group were fooling customers by selling the low-grade diamonds jewellery at 4-5 times higher cost. In some cases, the cost of these "poor quality" diamonds were increased by 10 times.
In addition, another shocker for the agency was the difference between seized value (tag value) i.e. of Rs 6,000 crore and the real valuation amount of these itemswhich may not even cross Rs 1,500-2,000 crore (at maximum level).
an insider revealed that both jewellers were allegedly growing fake diamonds (unnatural) in labs and selling it to the customer as real diamonds at 5-10 times higher price. more
The enforcement directorate (ED) was shocked to find out that Nirav Modi and Mehul Choksi of Gitanjali Group were fooling customers by selling the low-grade diamonds jewellery at 4-5 times higher cost. In some cases, the cost of these "poor quality" diamonds were increased by 10 times.
In addition, another shocker for the agency was the difference between seized value (tag value) i.e. of Rs 6,000 crore and the real valuation amount of these itemswhich may not even cross Rs 1,500-2,000 crore (at maximum level).
an insider revealed that both jewellers were allegedly growing fake diamonds (unnatural) in labs and selling it to the customer as real diamonds at 5-10 times higher price. more
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On the strength of necessary documents , like -purchase Bill, Quality report of Diamond ,if You find any mischief done by him ,You can complaint to police for redresal alongwith approaching to consumer court . more
Feb 24
When people start forgetting common sense, frauxdsters will have a hay day.one should do lot of homework but do not carry away by adverttisements more
Feb 22
Men and women get charged up when they see actresses wearing diamond jewellry. professionals dont have time they just go into branded showrooms. more
Feb 22
You will find stickers "item broken is equal to item sold". Now there can be stickers "dimond once sold is equal to a piece of glass" more
Feb 22
