Seizure / forfeiture
Jatin Mehta: $900M moved in 2016
Indian banks pursued about ₹6,800 crore of unpaid dues after gold consignments were routed through buyers in the Gulf.
The figure
- Amount900,000,000 US dollars
- CategorySeizure / forfeiture
- CorridorMumbai, India → Dubai, United Arab Emirates
- Distance1.9K km apart
- Year reported2016
- Documentation confidence78/100
What that amount buys
$900M is roughly 12 long-range private jets, 2.1K median-priced US homes, or 11.2K years of median US household income.
Jatin Mehta is publicly known as promoter, winsome diamonds. The arc drawn for this entry joins Mumbai and Dubai because those are the places the two sides of the deal are based — it is not the route a wire took through the banking system.
Source
Reported by Wikipedia. Read the source record →