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CBI REGISTERS A CASE AGAINST INDORE BASED PRIVATE FIRM, OTHERS ON CHEATING BANK, CONDUCTS SEARCHES

June 17, 2020 09:37 PM

New Delhi /Indore/Jodhpur (Face2News)

The Central Bureau of Investigation (CBI) has registered a case on a complaint from State Bank of India against Indore based private company & its three Directors and unknown public servants on the allegations of cheating and defrauding the bank to the tune of Rs. 180.15 crore.

It was alleged that the said private company was engaged in import, processing and trading of different pulses including export to European and Middle East countries. The company started its operation in the year 2003. It was further alleged that the company was sanctioned credit facilities in 2013 by consortium of banks formed with Allahabad Bank, IDBI Bank and e-SB of Patiala led by SBI. It was also alleged that the CC account turned irregular since 2014. The account was declared NPA in 2015.

Searches were conducted at 09 places (08 locations at Indore and 01 at Jodhpur) at the premises of accused which led to recovery of incriminating documents. Investigation is continuing.

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