Alpha Omega owner leaves amid rumors, report says

The owner of the Alpha Omega jewelry store chain reportedly left the country amid signs that the prominent seller of watches and diamonds was struggling with financial problems.

According to a report on Boston Magazine's website, Raman Handa returned to his native India with his family on Saturday after several weeks of rumors about his business's financial health. It quoted Radwan Kheireddine, senior manager of the chain's flagship store, as saying representatives of a consulting group working for a bank had come into the store and inquired about inventory.

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