New Delhi: The CBI has booked absconding diamantaire Jatin Mehta in two fresh cases relating to an alleged loan fraud of over Rs 587.55 crore on complaints from Bank of Maharashtra and Union Bank of India. According to the complaints from two state-run banks, Jatin Mehta allegedly cheated Bank of Maharashtra to the tune of Rs 323.40 crore while Union Bank of India suffered a loss of Rs 264.15 crore, they said.

On the basis of complaints from Bank of Maharashtra and Union Bank of India, the CBI registered two separate FIRs against Mehta and his company, Winsome Diamonds and Jewellery. The agency has booked the company, its original promoter Mehta, whole time directors Ramesh I Parikh and Ravichandran Ramasamy, independent director Harish Ratilal Mehta and Jordanian national Hathyam Salman Ali Abu Obeidah on the basis of the complaint from Bank of Maharashtra. In the FIR filed on basis of the complaint from Union Bank of India, the CBI has named the company, Mehta, Bombay Diamonds Company Pvt Ltd and Obeidah as accused.