Entertainment: What is the relationship between Mehul Choksi and Katrina, why is there a discussion?

The company’s sales increased.

Katrina Kaif made her Bollywood debut in 2003 with the film ‘Boom’. However, she got success in 2005 from ‘Maine Pyaar Kyana’. Apart from being an actress, Katrina was also involved in modeling. Then in 2008, Katrina promoted the diamonds of Mehul Choksi’s company. It is said that after the promotion of Katrina Kaif, her company’s sales increased by 60 percent. However, the company was engulfed in controversies in 2018. Former managing director of the company Santosh Srivastava had alleged that Gitanjali was selling fake diamonds to its customers.

Gitanjali is named after Mehul Choksi’s sister.

Let us tell you that Gitanjali Jewelers, a company named Mehul Choksi’s sister, brought IPO in the year 2006. After this, Rs 330 crore was raised. However, in 2013 there was a time when SEBI banned the company from trading in the stock market for about 6 months on suspicion of manipulation. In 2013, Gitanjali shares were being sold for Rs 600. Whereas in 2018 it fell to Rs 33.80.

Who is Mehul Choksi?

Mehul Choksi is the founder of Gitanjali James. Whose name came in the Punjab National Bank (PNB) scam. This fraud case is related to bank loan of Rs 13,000 crore. Gitanjali had 4,000 jewelery stores in India. Choksi, who came from India, had been living in Belgium for a long time. Prior to this, he has also lived in Barbuda and Antigua.