Rs 824 crore fraud: Kanishk jewelry owner arrested

Enforcement Directorate arrested Kanishk jewelry owner Bhupesh Kumar for defrauding SBI and other banks to the tune of Rs 824 crore.


With SBI being primarily hit, other banks that bore the brunt of the defrauding include Punjab National Bank, Bank of India, Central Bank of India, Corporation Bank and Bank of Baroda amongst others.