New Delhi, Nov 15, 2025

A special CBI court in Ahmedabad has convicted six individuals and a Surat-based private company, M/s Jalpa Enterprises Pvt. Ltd., in a bank fraud case involving wrongful losses of over Rs 8.48 crore to Bank of Baroda, the CBI said on Saturday.

The judgment was delivered on 14 November 2025, following an investigation that began more than eight years ago.

According to the Central Bureau of Investigation, the convicted individuals include Sanjay Nagjibhai Patel (Davara), Director of Jalpa Enterprises; Sangeeta Sanjay Patel; Satish Nagjibhai Davara and Nanubhai Arjanbhai Moradiya, who served as mortgagors and guarantors for the firm; as well as Vipul Nrottambhai Ramanuj and Mitul D. Vaghasiya, Directors of Shree Ram Weave Tech, Surat.

The court sentenced all six t

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