Kanishk Gold directors questioned in Rs 824-crore ‘loan fraud’

CBI

Bengaluru, March 22: The Central Bureau of Investigation on Thursday said that it was quizzing the directors of Kanishk Gold Pvt. Ltd. (KGPL) in connection with its ongoing probe into the alleged defrauding a consortium of 14 banks led by the public lender SBI to the tune of Rs 824 crore.

A Central Bureau of Investigation official told IANS: “Questioning of KGPL Directors Bhoopesh Kumar Jain and Neeta Jain is being carried out at our Bengaluru office.”

Bhoopesh and Neeta Jain had arrived here on Wednesday evening, as per the official.

The interrogation comes in the wake of the case, that CBI registered against the Chennai-based jeweller on Wednesday for defrauding the consortium of Rs 824.15 crore in the form of loans, now been declared a non-performing asset (NPA).

The probe agency also carried out searches at KGPL’s office as well as the official and residential premise of accused persons at various places in Chennai.

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