Standard Chartered Bank has more chance of taking possession of assets attached to alleged Indian gold and diamond fraudster, Jatin Mehta, after a judge in the UK high court restored four suspected shell companies.

The bank was one of several foreign banks that lent money to the gold and diamond trader’s main company, Winsome Diamonds, against letters of credit (L/Cs) provided by Indian banks in what the UK judge described as a premeditated fraud orchestrated by Mehta.

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