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Thursday, July 29th, 2021

CBI registers a case against a private company & others

New Delhi,
The Central Bureau of Investigation has registered a case against a private company based at Gandhidham (Gujarat) & others including its Directors and unknown public servants/others on a complaint from Union Bank of India. It was alleged that the said private company through its Director & Guarantors had misappropriated bank’s funds and diverted the same to earn wrongful gain. It was also alleged that the company had an intention to cheat the bank as such diverted the funds through other banking channel is in contravention of the terms and conditions of the loan sanction orders. An alleged loss of around Rs.134.43 crore (plus Interest) was caused to Union Bank of India.

Searches were conducted today at the premises of the accused at 06 places in Mumbai which led to recovery of incriminating documents.



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