Home National CBI registers a case against Dehli based Private Company and Directors

CBI registers a case against Dehli based Private Company and Directors

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CBI registers a case against Dehli based Private Company and Directors

CBI REGISTERS A CASE AGAINST PRIVATE COMPANY & OTHERS INCLUDING ITS DIRECTORS/GUARANTORS ON THE ALLEGATIONS OF BANK FRAUD OF RS. 230.97 CRORE(APPROX) AND CONDUCTS SEARCHES

The Central Bureau of Investigation has registered a Case on complaint from Bank of Maharashtra against a private company based at New Delhi & others including its Directors, Guarantors & unknown Public Servants/private persons on the allegations of cheating Bank of Maharashtra and consortium member e-Anthra Bank (now UBI) to the tune of Rs.230.97 crore (approx).

It was further alleged that the said private company was sanctioned term loan for construction of flats at Greater Noida, however, despite taking full disbursal of the loans, the project is still incomplete and the account turned NPA on 31.03.2017. It was also alleged that the borrower company had made rampant diversion of funds to various other companies.

Searches were conducted at 04 locations including at New Delhi, Noida & Ghaziabad (UP) at the premises of accused which resulted in recovery of incriminating documents.

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