An article published on
diamonds.net and the NewsBrief on Thursday, August 31, 2017, entitled
“InterJewel’s Troubles: What We Know So Far” contained a number of
inaccuracies, including referring incorrectly to Mehul Kothari as “one of the
main figures” at InterJewel. Additionally, the article also said certain
companies were owed incorrect amounts by InterJewel. As a result of these
inaccuracies, we are retracting the article.
IMPORTANT CLARIFICATION: The referenced article
(mentioned above) referred to reports about Mumbai-based company InterJewel Pvt
Ltd. It should be noted that New York-based Interjewel U.S.A. Inc. is a
separate entity and has not filed
for bankruptcy under Chapter 11 in the United States, according to its
attorney, Mitchell J. Devack. We have amended this retraction notice to add
this clarification.
In addition, the article wrongly stated
Sanjay Kothari ran the New York office of InterJewel. Sanjay Kothari is the president of Interjewel U.S.A.
Inc. He is not an officer of the Indian company, InterJewel Pvt Ltd.
Accuracy of reporting is a core value of Rapaport News, and
therefore, due to these errors, we have taken the entire article offline and
wish to apologize to Mr. Mehul Kothari, Mr. Sanjay Kothari, Interjewel U.S.A.
Inc., and all other parties concerned.
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