Jatin Mehta's close associate held by CBI

The CBI today arrested Hasmukh Shah, an ex-director and authorised signatory of Forever Precious Jewellery and diamonds Ltd also known as Winsome diamonds group, which has allegedly defaulted on loans worth thousands of crore, officials said.
It was alleged that Shah was man Friday of Jatin Mehta, an absconding accused in the case, who is believed to have escaped to Saint Kitts in the Caribbeans. Shah was allegedly orchestrating the export-import operations of the company, the officials said.
He was also allegedly liasioning with the banks, they said.
"The arrested accused will be produced tomorrow before the Special judge, CBI cases, Mumbai," CBI Spokesperson Abhishek Dayal said here.

The agency had registered multiple cases against the company last year.