Face2News/Mumbai
The Central Bureau of Investigation (CBI), on , conducted search operations in connection with bank fraud case registered against M/s Aaj Ka Anand Papers Pvt Ltd. The CBI registered the instant case against M/s Aaj Ka Anand Papers Pvt Ltd, its Directors and unknown public servants based on the complaint of State Bank of India, Mumbai, alleging offences of criminal conspiracy, cheating, criminal breach of trust and manipulation of accounts, causing a wrongful loss of Rs. 81.66 Crore to the State Bank of India.
It was alleged that the accused were involved in suppression/misappropriation of business revenue, alteration and falsification of books/electronic record and criminal breach of trust. It was alleged that funds were diverted through current accounts outside designated banking channels without the consortium lenders’ consent thus violating sanction conditions. These acts are alleged to constitute cheating, criminal breach of trust, misappropriation and criminal conspiracy, causing wrongful loss to SBI.
Today, searches were conducted at several locations in Pune. The premises covered included office premises and residential properties linked to the directors of the accused of M/s Aaj Ka Anand Papers Pvt Ltd.
During the searches, incriminating documents and digital evidence relevant to the investigation were recovered. These are being examined to identify the full extent of the conspiracy, misappropriation, diversion of funds, and the role of all persons involved. Further investigation is in progress.
