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