Nirav Modi loan scam is still under investigation, another scam has been unearthed and this time in Delhi where the based diamond jewellery exporting company is accused of having taken loan of 400 crore and not repaying it to the Oriental Bank of Commerce.
The CBI on Friday registered a case against a Delhi-based diamond jewellery exporting company and its directors after receiving a complaint from Oriental Bank of Commerce, which alleged a fraud to the tune of Rs 389.85 crore.
Dwarka Das Seth International Pvt Ltd, a Karol Bagh based company deals with manufacturing and trading of diamond, gold and silver jewellery.
The case was registered nearly after six months after OBC filed a complaint with the central agency. The CBI has booked Sabhya Seth, Reeta Seth, Krishna Kumar Singh, Ravi Singh – directors of the firm – and named a second company, Dwarka Das Seth SEZ Incorporation, in the case.