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Black  money controversy, Gujarat Bullion trader in fix 

By  Abdul hafiz lakhani

Our Correspondent, Ahmedabad

The names of Pradip Burman of Dabur, Gujarat  Rajkot-based bullion trader Pankaj Chalamanlal Lodhia and Goa-based mining baron Radha Timloo were disclosed by the Centre on some days in an affidavit submitted before the Supreme Court on Indians holding illegal bank accounts abroad.Till the time his name surfaced in the media today morning, Pankaj Lodhia was hardly known outside his business circles.

Lodhia’s Shreeji group is primarily into three businesses; bullion trading, jewellery and real estate.

On 12th of March 2008, Pankaj Lodhia’s Shreeji group launched India’s first ever electronic, over the counter; Spot Precious-metals Online Trading system called as Shreeji SPOT which is a system where bullion trades for physical delivery are offered. This system comes with added features like International live rates, research report, recommendations, news updates and various types of orders: market, limit, stops etc. It provides access to real time ‘two-way’ Indian bullion price quotes for everyone in the bullion ecosystem – jewelers, banks and investors.Shreeji SPOT collects deposit for security for its service. Shreeji SPOT has over 2100 registered clients with centers in Mumbai, Pune, Ahmedabad, Rajkot, Surat, Hyderabad, Vijayawada, Kolkata, Jaipur, Kochi, Thiruvananthapuram, Thrissur, Bengaluru, Chennai, Coimbatore, Indore & other places.

Lodhia’s Shreeji is one of the leading bullion dealers in India, offering wholesale delivery of bullion to domestic users i.e. ornament manufacturers, goldsmiths, jewelers and semi-wholesalers. Shreeji caters to majority gold requirements of Rajkot. The group is having experience of over 15 years in bullion segment.

Nationwide branch network with the locations at Ahmedabad, New Delhi, Jaipur, Raipur, Indore and Bangalore. It has business connections with the important ‘good delivery members’ of London Bullion Merchants Association (LBMA) and Other international and national suppliers of bullion.

Lodhia’s Shreeji is into processing and retail level trading of Diamond Jewellery, Gold Ornaments and Silver Articles. Shreeji markets the products under the brand name of ‘TATVA’. Shreeji enjoys life membership of All India Gems and Jewellery Trade Federation. It is into supplying semi processed gold ornaments to jewelers and jewellery showrooms at Rajkot.

In real estate segment, Shreeji has completed 8 projects – multistory / residential and commercial. Project completed are Shaligram, Shalin, Sankalp, Shreeji, Sakar, Sanket and Shilp. One project ‘Shaswat’ is going on at present.

Lodhia standing outside his jewellery shop while replying to questions asked by media persons said that he has no Swiss bank account. He said he has already submitted his financial transactions and other details before the Income Tax department.

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