Winsome diamonds fraud case: CBI charge sheets 2 ex-CMDs of Canara bank

The agency has filed the charge sheet against 21 accused which includes Mehta, his company, his wife besides 15 public servants, CBI Spokesperson Abhishek Dayal said.

Published: 29th June 2018 01:33 AM  |   Last Updated: 29th June 2018 02:07 AM   |  A+A-

Central Bureau of Investigation (File photo | PTI)

By Express News Service

NEW DELHI: The Central Bureau of Investigation (CBI) on Thursday filed a charge sheet against two former chairman cum managing directors of the Canara Bank in connection with alleged loan default of Rs 146 crore by Jatin Mehta of Winsome Diamonds.

The agency has filed the charge sheet against 21 accused which includes Mehta, his company, his wife besides 15 public servants, CBI Spokesperson Abhishek Dayal said. According to a senior CBI official, the agency has also sought a Red Corner Notice (RCN) against the billionaire jeweller. Mehta is absconding and believed to have got St Kitts passport.

The public servants charge-sheeted by the agency includes former CMDs Avinash Chander Mahajan and Sunder Rajan Raman. Former executive director of the bank, Archana Bhargava, has also been named by the agency in its charge sheet filed in Special CBI court, Mumbai, he said.

The agency has alleged the company purchased gold from three bullion banks abroad - The Bank of Nova Scotia, Standard Bank and Standard Chartered Bank - on the basis of guarantees from the Indian bank. Later, this gold was processed and sent to 13 buyers in the UAE, the CBI stated. The company also failed to make the payment for the gold imported on the strength of guarantees, the agency said.

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