The banks, which were targeted, include Punjab National Bank, Vijaya Bank and the Central Bank of India.
Mumbai: The Central Bureau of Investigation (CBI) on Monday arrested a director in the Winsome Diamond cheating case. The agency arrested Hasmukh Shah, an former director and authorised signatory of M/s Forever Precious Jewellery and diamonds Ltd, part of Winsome diamonds group.
“It was alleged that he was a close confidante of Jatin Mehta, an accused in the case and was orchestrating the export-import operations of the company. He was also allegedly liasioning with the banks,” said a CBI officer. Shah will be produced before the Special CBI judge on Tuesday.
The two companies, Winsome Diamond and Jewellery Ltd and Forever Precious Jewellery and diamonds Ltd came under the CBI's scanner after it cheated the consortium of three government banks to the tune of Rs 1,530 crore.
The banks, which were targeted, include Punjab National Bank, Vijaya Bank and the Central Bank of India. The CBI had registered six separate cases against each of the firms after receiving complaints from the banks.