Jewellery chain Kanishk Gold defrauds 14 banks of â¹824 crore
State Bank of India has filed a complaint with CBI alleging that Chennai-based jewellery chain Kanishk Gold defrauded 14 banks of â¹824 crore. SBI, which was the lead bank in the consortium, was the first to declare the account as fraudulent on November 11, 2017. Owner Bhupesh Jain admitted to falsification of records since 2009, according to the complaint.