December 24, 2024

CBI REGISTERS A CASE AGAINST A PRIVATE COMPANY ALLEGED LOSS OF Rs. 555 CRORE

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The Himachal Herald, Shimla

The Central Bureau of Investigation has registered a case against a private company & others including its Directors and unknown public servants & other persons on a complaint from Union Bank of India erstwhile Corporation Bank (Lead Bank), New Delhi -1100001. It was alleged that said private company through its Directors in conspiracy with others has defrauded a consortium of banks of Corporation Bank (Now Union Bank), State Bank of Hyderabad (now State Bank of India), Punjab National Bank, Punjab & Sindh Bank, UCO Bank, Syndicate Bank, Central Bank of India, Karur Vyasya Bank and JM Financial ARC on the basis of misrepresentations/concealment of facts and false documents/information, thereby causing loss to the tune of Rs. 555.65 crore (approx.) to the said consortium of banks. Searches at the premises of the accused/firm were conducted including at Kangra (Himachal Pradesh) which led to recovery of incriminating documents.