Canara Bank fraud case: Court orders proclamation against Jatin Mehta and others
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓A special CBI court on Monday ordered a proclamation against billionaire Jatin Mehta and his wife in a Rs 146.35 crore Canara Bank fraud case.
- ✓The court said the accused are untraceable and residing in the UK.
- ✓The CBI got this order to secure their presence after warrants failed.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
A special CBI court here on Monday ordered the issuance of proclamation against billionaire jeweller Jatin Mehta, his wife and another person in connection with a Rs 146.35 crore bank fraud case involving Canara Bank.
Special Judge Nitin V Jiwane allowed the Central Bureau of Investigation's plea seeking issuance of proclamation under relevant provisions of the Code of Criminal Procedure (CrPC) to secure the presence of the absconding accused but declined the request for simultaneously attaching their property.
The CBI had sought the simultaneous attachment of properties belonging to Jatin Mehta, his wife Sonia Mehta and two others, expressing apprehension that the accused might dispose of the assets.
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