824.15 crores have been swindled by jeweller Bupesh Kumar Jain. 14 nationalised and private banks have been duped by popular jeweller Kanishk Gold Private Limited. A consortium of Banks led by State Bank of India (SBI) has lodged a complaint with the Central Bureau of Investigation (CBI). A consortium of Banks alleges that Bupesh Kumar Jain gained illegal profit by misrepresenting and falsifying records and diverted funds without the knowledge of the lenders.