Business

PNB scam: Odisha to review Gitanjali group's Rs 6-bn jewellery park project

Bhubaneswar: The Odisha government will review the Gitanjali group's Rs 6.36 billion project to set up a gem, jewellery, lifestyle and luxury goods park in the state following the involvement of the jewellery behemoth in the Rs 114 billion Punjab National Bank (PNB) fraud case.
The project was to be set up by Gitanjali Infratech, a part of the Mumbai-based Gitanjali group, on 100 acres land at Ramdaspur near Cuttack, and it had received approval of the state government in November, last year.

"Following the revelation of Gitanjali group's involvement in the PNB fraud case, we have decided to review the project", said a top official of the Odisha government.

-Business Standard

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