The CBI has booked absconding diamantaire Jatin Mehta in two fresh cases pertaining to an alleged loan fraud of over Rs 587.55 crore on complaints from the Bank of Maharashtra and the Union Bank of India, and carried out searches in these cases, officials said.
According to the complaints from the two state-run banks, Mehta allegedly cheated the Bank of Maharashtra to the tune of Rs 323.40 crore, while the Union Bank of India suffered a loss of Rs 264.15 crore, they said.
On the basis of complaints from both the banks, the CBI has registered two separate FIRs against Mehta and his company, Winsome Diamonds and Jewellery.
The agency has booked the company, its original promoter Mehta, whole-time directors Ramesh I Parikh and Ravichandran Ramasamy, independent director Harish Ratilal Mehta and Jordanian national Hathyam Salman Ali Abu Obeidah on the basis of the complaint from the Bank of Maharashtra.
In the FIR filed on the basis of the complaint from the Union Bank of India, the CBI has named the company, Mehta, Bombay Diamonds Company Pvt Ltd and Obeidah as accused.
