You may have seen recent media reports related to Dubai’s gold market, which include claims that Kaloti Jewellery Group’s gold trade business did not fully comply with regulatory requirements following an audit by accountancy firm Ernst & Young. Kaloti would like to take this opportunity to reassure that these allegations are false and without any substantiation. Kaloti has strongly denied these claims and any implication relating to regulatory non-compliance in the gold trade. Articles published in the UK’s Guardian, BBC and in a report by Global Witness are full of contradictions and inaccuracies...