Kanishk Gold MD arrested for defrauding 14 banks of â¹824 cr
The Enforcement Directorate (ED) has arrested Kanishk Gold MD Bhupesh Jain for alleged money laundering. The jewellery chain is under investigation for allegedly cheating a consortium of 14 banks to the tune of â¹824 crore. "He may certainly try to tamper the evidences and the records in order to manipulate the facts in favour of his cause," the agency said.