The Central Bureau of Investigation has registered a case U/s 120B r/w 420 of IPC and Section 13(2) r/w 13(1)(d) of PC Act, 1988 on a complaint from State Bank of India against a private company based at District Burdwan (West Bengal) & its five Directors; 08 officials of State Bank of India including Chief Manager & Deputy Manager etc.; an Advocate (Empanelled Lawyer) and unknown others. It was alleged that during the period 2009 to 2014, Directors of said private company & empanelled Lawyer had entered into a conspiracy among themselves & also with officials of two Branches of SBI and availed Cash Credit Limit of Rs. 445 lakh for doing the business of food processing (Rice Mill). But the borrower stopped servicing of interest and also the principal by violating the terms & conditions of the sanction, as a result, the account slipped into Non Performing Asset on 28.11.2014 and thereby caused a loss of Rs.4.12 crore (excluding interest as on 31.12.2017).
Searches were conducted at 12 places including at Kolkata, Burdwan, Darjeeling, Coochbehar (West Bengal); Hazipur (Bihar) & Pelling (Sikkim) at the official and residential premises of accused which led to recovery of incriminating documents.
Investigation is continuing.