TN Bank Scam: 824.15 crores swindled by jeweller Bupesh Kumar Jain; 14 nationalised, private banks duped

  • 6 years ago
824.15 crores have been swindled by jeweller Bupesh Kumar Jain. 14 nationalised and private banks have been duped by popular jeweller Kanishk Gold Private Limited. A consortium of Banks led by State Bank of India (SBI) has lodged a complaint with the Central Bureau of Investigation (CBI). A consortium of Banks alleges that Bupesh Kumar Jain gained illegal profit by misrepresenting and falsifying records and diverted funds without the knowledge of the lenders.

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