Following the gigantic banking frauds by jewellery designer Nirav Modi and Rotomac Pens owner Vikram Kothari, three new cases have come to light after a complaint from three banks. The Central Bureau of Investigation has filed a case against a jeweller, a businessman, and a public servant.

Acting on a complaint by Oriental Bank of Commerce alleging a bank loan fraud of Rs. 389.85 crore, CBI filed a complaint against diamond exporting firm Dwarka Das Seth International. The bank approached Seth in August 2016, two years after the loan turned into Non-Performing Asset (NPA) in 2014. The company was winded up and owner escaped from the country.

CBI filed a complaint against businessman Amit Singla and others over an accusation of procuring a loan on forged documents. Singla had taken Rs. 9.5 crore loan against the collateral of three properties in Delhi and Haryana. The properties worth were valued at Rs. 18 crores which turned out to be mere Rs. 205 crore after loans became NPA.

Inder Chand Chundawat was also booked by the CBI for misusing his official position while he served as Senior Branch Manager at the bank’s Barmer office. He was accused by Punjab National Bank to defraud Rs. 2 crores for which he was suspended too.

CBI has initiated an investigation.