cbi fails to find role of bankers in Rs.214-cr Winsome Diamonds case
MUMBAI, Dec. 30 -- A special court has transferred a Rs.214.35 crore bank fraud case against Winsome Diamonds and Jewelleries Ltd (WDJL) to a metropolitan magistrate court as the Central Bureau of Investigation (CBI) has not found any incriminating material against any bank official in the case.
The case pertains to one of the 12 FIRs registered against WDJL, which has allegedly defrauded several public sector banks of hundreds of Rs.4,627 crore. The FIR in question was registered by the CBI under sections 120B (criminal conspiracy), 420 (cheating) and sections 13(1)(d) and 13(2) of the Prevention of Corruption Act, 1988, against the company, its promoters, directors and unknown bank officials. The offence was registered after a general man...
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