Jewellery chain Kanishk Gold Pvt Ltd, which has a registered office in Chennai’s T Nagar, has allegedly defrauded loan from 14 public and private banks to the tune of Rs 824 crore, say reports. State Bank of India has reportedly filed a complaint with the CBI to investigate the alleged fraud, which would cause a loss of Rs 1,000 crore along with interest. Reports suggest that promoters and directors of Kanishk - Bhoopesh Kumar Jain and his wife Neeta Jain - could be residing in Mauritius.
BY VIKRAMAN MANIRAJ | MAR 21, 2018 2:01 PM #KANISHKJEWELLERY #SBI #BANKLOANFRAUD #INDIA NEWS
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