The second biggest bank loan defaulter after Kingfisher today is Winsome Diamonds group, which has failed to pay back a loan of over Rs 6,500 crore. And where is its promoter Jatin Mehta now? He is in Singapore. Promoters of the Deccan Chronicle newspaper submitted forged balance sheets to various banks to raise hundreds of crores of rupees, which was used to buy a cricket team and fancy cars.
