India, March 16 -- The Central Bureau of Investigation (CBI) has booked an Ahmedabad-based jewellery firm, JJ Private Limited, and various others for alleged bank fraud worth Rs.145.69 crore. The firm had defaulted on loans from a consortium of banks led by the State Bank of India (SBI) and its transactions with the consortium between April 2009 and March 2014 are under the scanner, CBI officials told Hindustan Times.

The first information report (FIR) regarding the alleged fraud was registered by the CBI's Mumbai unit on March 9, based on a complaint from a deputy general manager at the SBI. The FIR was lodged under sections of the Indian Penal Code pertaining to criminal conspiracy, cheating and misconduct, and the Prevention of Corrup...