It is not only small companies, but even large-sized diamond companies that are believed to be involved in the diamond smuggling racket in China, in which 50 people, including 21 Indians have been arrested.
All 21 of them are Gujaratis, having close links with Surat and Mumbai, according to sources, even as officials from Indian embassy in Beijing and Indian consulate in Shenzhen met the arrested Indians on Wednesday.
"Many large Indian diamond companies have set up offices in Hong Kong and manufacturing units in Shenzhen. People connected with these large companies are among the 21 Indians arrested in China in connection to the smuggling racket," industry sources said, requesting anonymity.
catalog printingThe sources also said that since the companies set up abroad are either sister concerns or independent firms, it is very difficult to establish a direct link between them.
The Gem & Jewellery Export Promotion Council president, Vasant Mehta, said, "We have learnt that all 21 arrested Indians are Gujaratis. Most of them have very close links with Surat and Mumbai, but had setup diamond businesses in Hong Kong." Industry sources said that the racket to smuggle diamonds into Shenzhen from Hong Kong without paying the heavy tax, is going on from quite some time, but this is the first time it replica bag wholesale has come out in the open.
However, all industry leaders DNA spoke to denied involvement or锟?having information about the racket, and said that some smaller firms could be involved in sending diamonds illegally in Shenzhen.The smuggling racket, which has come as a big shock for the diamond industry in Surat, continued to be the talk of the town.
Credit:DNA Correspondent
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