Image Source : FILE PHOTO CBI, financial institution fraud, SBI, Bank of Baroda, Bank of India, Dena Bank, IDBI Bank
The Central Bureau of Investigation (CBI) has registered two separate instances associated to financial institution fraud and carried out searches at 8 places in Delhi, Ahmedabad, Gandhinagar and Gurgaon.
The first case was registered in opposition to a personal firm based mostly at Ahmedabad and others together with its Directors and unknown public servants/individuals on a criticism from State Bank of India. It was alleged that the mentioned firm was in enterprise of building, erection and commissioning of energy transmission and telecom towers since 2004.
State Bank of India, Ahmedabad Branch (together with E- State Bank of Patiala) had sanctioned numerous credit score amenities to mentioned firm represented by its Managing Director, Directors/ Promoters together with SBI (lead Bank), different banks together with Bank of Baroda, Bank of India, Dena Bank and IDBI Bank had sanctioned credit score amenities to the corporate beneath consortium banking association. It was additional alleged that in the course of the interval from 2014-15 to 2016-17, the accused entered right into a conspiracy and after availing the mentioned limits, the accused diverted the sanctioned amenities by falsifying books of accounts & issuing bogus invoices/payments and thereby inflicting lack of Rs.182.37 crore (approx) to SBI.
Searches have been carried out at Ahmedabad (Gujarat) and Gurgaon (Haryana) on the premises of accused which led to the restoration of sure incriminating paperwork together with overseas forex of assorted international locations; particulars and keys of lockers; particulars of Investment in securities, Mutual Funds & different funding and money of Rs. 42 lakh (approx).
The second case was registered on a criticism from Indian Overseas Bank in opposition to a personal agency based mostly at Delhi and others together with its Directors and different unknown individuals/public servants on the allegations that the mentioned accused had defrauded Indian Overseas Bank by giving improper data and falsification of paperwork.
It was additional alleged that the agency carried out substantial wrongful transactions with sister considerations/associates exhibiting wrongful use of borrowed funds & diversion of funds to sister considerations, thereby inflicting lack of Rs. 42.72 crore (approx) to the Bank.
Searches have been carried out on the premises of accused at three locations in Delhi and recovered incriminating paperwork. Investigation in each the instances is constant.
Name of the accused in first case:
Archon Engicon Ltd.
Chandrashekhar Balkrushan Panchal
Nehal Chandershekhar Panchal
Ajit Raina
Devendra Singh
Sunil Mishra
Unknown public servants and Private Persons
Name of the accused in second case:
Goyal Engineering Polymers Pvt.Ltd.,New Delhi.
Pawan Goyal
Usha Goyal
Gunjan Goyal
Seiji Itagki
Yogi Sakai
Unknown public servants and unknown others
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