By PTI | Updated: Apr
05, 2017, 09.13 PM IST
NEW DELHI: The CBI has registered six separate cases against
two Mumbai-based jewellery firms and their chief promoter Jatin Mehta for
allegedly cheating three government banks to the tune of Rs 1,530 crore.
CBI sources said the cases have been registered
against Winsome Diamonds and Jewellery Limited, and Forever Precious Jewellery
and Diamonds Limited, on the complaint from Punjab National Bank, Vijaya Bank
and Central Bank of India.
CBI spokesperson R K Gaur said the agency had
received complaints against both the companies from each of the three banks
hence six separate FIRs have been registered.
"The role of bank officials and others in
this regard will also be looked into," he said.
The
spokesperson said it is alleged that Central Bank of India suffered losses of
Rs 699.54 crore from Winsome and Rs 255.24 crore from Forever, IDBI and
suffered loss of Rs 133.12 crore and Rs 55.68 crore on the account of Winsome
and Forever respectively.
Vijaya
Bank alleged a loss of Rs 233.15 crore from Winsome and Rs 153 crore from
Forever, he said.
The sources said the crime period is of 2012-13.
It is alleged that standby letters of credit
were opened in these banks in favour of Winsome and Forever for the import of
gold from foreign banks by these companies.
A standby letter of credit is a guarantee given
by a bank on behalf of the client that it will fulfill a contractual commitment
with a third party in case payment default happens.
CBI alleged in its FIR that gold was imported
and then re-exported to the 13 United Arab Emirates-based companies.
When the companies did not honour the standby
letters of credit, Indian banks were forced to make the payment to the foreign
banks, it said.
It is suspected that these 13 UAE-based buyers
were in connivance with Mehta, chief promoter of these two companies, and they
have siphoned off the funds.
Read more at:
http://economictimes.indiatimes.com/articleshow/58032377.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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