MUMBAI: In a blow to CBI in the fraud case involving the promoter of Winsome Diamonds, Jatin Mehta, a special court has discharged five Canara Bank ex-officers, all senior citizens, and said there is no material to prima facie conclude they were part of any conspiracy.
CBI had alleged that the five committed breach of trust by recommending loan proposals to their superiors without carrying out independent assessment, which eventually caused losses of around Rs 146.4 crore to the bank.
