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CBI BOOKED DELHI BASED COMPANY , DIRECTORS FOR CAUSING LOSS OF RS.787.25 CRORES AND CONDUCTS SEARCHES

June 26, 2020 10:38 PM

New Delhi (Face2News)

The Central Bureau of Investigation has registered a case on a complaint from Punjab National Bank against a Delhi based private company (Borrower company) and others including its Directors; Guarantors and other unknown persons & unknown bank officials for causing an alleged loss of Rs.787.25 crore (approx.) to Punjab National Bank and other consortium of banks.

It was alleged that the said accused had cheated the Punjab National Bank led consortium comprising PNB (lead bank), SBI, Exim Bank, Indian Overseas Bank, Central Bank of India, Union Bank of India, and Bank of Baroda to the tune of Rs.787.25 crore(approx) by way of diversion of bank funds , sham transactions and inflated security deposits etc.

ASearches have been conducted today at 7 locations in Delhi, Noida, Ghaziabad & Annupur (Madhya Pradesh) at the premises of accused including Directors and the private company which led to recovery of several incriminating documents and digital evidences. Investigation is continuing.

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