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Bizman who filed 91cr case ends up being held for fraud
Bizman who filed 91cr case ends up being held for fraud

Time of India

time04-06-2025

  • Business
  • Time of India

Bizman who filed 91cr case ends up being held for fraud

Thane: Thane Police's Economic Offenses Wing arrested a businessman, Parag Shah, on Wednesday for allegedly defrauding 124 investors of Rs 91.6 crore through a fake investment scheme that promised high returns through search engine advertisements. Shah was the complainant in the case, but the probe showed him as the key conspirator. He was arrested from Narayangaon in Pune. He was the state head for the sham company, said Parag Manere, DCP (EOW) Thane city police. The accused created a fraudulent scheme claiming that his company was developing multiple applications for major search engines. Shah and his counterparts in Gujarat convinced investors that advertising revenue from these apps would generate returns in dollars. This elaborate deception attracted hundreds of investors who put their money into the company between 2020 and 2024. W hen investors failed to receive promised returns, they filed complaints at Vartaknagar police station. A case was registered against several persons where this accused was a complainant and later turned out to be accused. The investigation revealed fraudulent amounts totalling Rs 91.6 crore. Acting on intelligence that Shah was hiding in Narayangaon, Pune, the Economic Offences Wing tracked him down and made the arrest. Following his court appearance, Shah was remanded in police custody until Jun 11. Police investigations suggested that hundreds of investors could have been affected by this scheme. Officials said that they expect both the number of victims and the total amount of the fraud to increase as more cases come to light during the ongoing investigation.

KISNA Diamond and Gold Jewellery Launches its 3rd Exclusive Showroom in Indore
KISNA Diamond and Gold Jewellery Launches its 3rd Exclusive Showroom in Indore

Business Standard

time12-05-2025

  • Business
  • Business Standard

KISNA Diamond and Gold Jewellery Launches its 3rd Exclusive Showroom in Indore

PNN Indore (Madhya Pradesh) [India], May 12: KISNA Diamond and Gold Jewellery proudly announced the grand opening of its 3rd exclusive showroom in Indore, strategically located at Sapna Sangeeta Road. The inauguration took place on the auspicious occasion of Mother's Day and was graced by Ghanshyam Dholakia, Founder & Managing Director, Hari Krishna Group. To celebrate Mother's Day, KISNA is offering a specially curated collection that honours the grace and strength of mothers, featuring up to 100% off on making charges of diamond jewellery, a perfect opportunity to gift a timeless token of love. Ghanshyam Dholakia, Founder & Managing Director, Hari Krishna Group, stated: "Our presence in Madhya Pradesh continues to grow successfully, the launch of our 3rd showroom in Indore and 8th in M.P is a reflection of trust and love our consumers have shown us. It also aligns with our vision, 'Har Ghar KISNA,' where we aim to be India's fastest-growing jewellery brand, making every woman's dream of owning diamond jewellery come true.'' Mr. Parag Shah, Director, KISNA, added: "Indore's fashion landscape is constantly evolving, and KISNA is proud to cater to this dynamic spirit. This launch on Mother's Day holds special significance for us, as it celebrates the strength and grace of womanhood, values that KISNA embodies. Our exclusive showroom offers a heartfelt jewellery experience where every piece tells a story of love, tradition, and timeless style." Mr. Rajiv Tuteja, Tuteja & Tuteja, Franchise Partner, KISNA, said, "This partnership marks an exciting step forward, not just for us but for jewellery lovers in Indore. With KISNA's unmatched quality and craftsmanship, we're confident of becoming a trusted name in the city's jewellery landscape.'' In line with KISNA's commitment to giving back to the community, the brand organized a blood donation camp as part of the launch event and also hosted a food distribution drive for the underprivileged. About KISNA Diamond & Gold Jewellery Launched in 2005, KISNA is the flagship diamond and gold jewellery brand from the Hari Krishna Group. KISNA has established an extensive distribution network, reaching over 2000 shop-in-shop outlets across 28 states in India. The brand now boasts 80 exclusive showrooms across the country. With ethical sourcing of diamonds from mines to market, KISNA offers an unmatched portfolio of unique designs. KISNA's wide range of products includes Rings, Earrings, Pendants, Mangalsutras, Necklaces, Bangles, Bracelets, Nose Pins inclusive men's jewellery in 14KT and 18KT gold, all 100% IGI Certified and BIS Hallmarked. The company also provides 90% Buyback and 95% Exchange on diamond jewellery, including making charges.

Kisna Diamond & Gold Jewellery launches exclusive collection for Akshaya Tritiya
Kisna Diamond & Gold Jewellery launches exclusive collection for Akshaya Tritiya

Fashion Network

time23-04-2025

  • Business
  • Fashion Network

Kisna Diamond & Gold Jewellery launches exclusive collection for Akshaya Tritiya

Kisna Diamond and Gold Jewellery has launched an exclusive collection for the upcoming festival of Akshaya Tritiya across its franchise and shop-in-shop outlets. Designed to engage shoppers and devotees across India during the popular gold buying festival, the collection is accompanied by a nationwide campaign. 'Jewellery is more than adornment; it is a reflection of emotions, traditions, and cherished milestones,' said Parag Shah, chief executive officer of Kisna Diamond and Gold Jewellery, in a press release. 'The collections go beyond heritage; they offer timeless elegance and meaning, making them perfect for celebrating new beginnings.' The 'Akshaya Collection' draws inspiration from the themes of prosperity and continuity associated with the occasion. Avoiding conventional motifs, the designs feature natural forms such as petals and vines, representing the flow of abundance. Crafted in 14 and 18 carat gold, the 236-piece collection includes necklace and earring sets, pendant sets, and bangles, with each piece using illusion settings to evoke fluidity and interconnectedness. Kisna stated that the design process incorporates elements of classical dance and nature, progressing through sketching, 3D modelling, and gemstone setting before final finishing. The brand has positioned the collection as suited for customers looking to combine luxury with deeper meaning. Founded in 2005, Kisna is part of the Hari Krishna Group and operates over 60 exclusive brand showrooms alongside a distribution network of more than 3,000 outlets spread across 28 Indian states.

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