In a pivotal ruling, a special Central Bureau of Investigation (CBI) court in Mumbai has decided to drop corruption charges in the ₹323.4 crore fraud case involving Jatin Mehta, a fugitive diamantaire, and his company, Winsome Diamonds & Jewellery Ltd. The court's decision allows the case to proceed solely as a private fraud matter, focusing on offences such as cheating and criminal conspiracy under the Indian Penal Code (IPC). The ruling came after the CBI reported no incriminating evidence against any public servants, leading to the removal of charges under the Prevention of Corruption Act. The case originated from a complaint filed by a zonal manager of the Bank of Maharashtra in May 2019, alleging that Mehta and others conspired to defraud the bank through various credit facilities between 2012 and 2013. With the corruption allegations dropped, the trial will now take place in the additional chief metropolitan magistrate's court, narrowing the scope of the case and eliminating any claims of misuse of official position. This development is significant within the larger context of the Winsome Diamonds banking fraud network, which has drawn scrutiny from multiple investigative agencies.