IIJS opens its 25th glorious edition

Sanjay Kothari urges industry stalwarts to promote jewellery as a category

Post By : Diamond World News Service On 08 August 2008 3:10 PM
The company's attorney Joseph Macy as saying: "I've never seen a situation like this. Search warrants are issued very sparingly by the courts. This is a highly unusual situation where a business that has entered into a transaction in the regular course of business has its assets seized."

A Diamond District jeweller has accused Brooklyn District Attorney (DA) to have unrightly seized its $675,840, saying that it was an amount against a purchase transaction and was not a case of money laundering. The jeweller has filed a $5 million lawsuit against them. The confiscated money had been apparently received as payment against purchasing gold from another company, which apparently was the probe's target.

Be the first to comment

Leave a comment

Email Alerts

WhatsApp Alerts