CBI registers a case against five accused including promotors/directors of a private company
The Central Bureau of Investigation has registered a case against five accused including private company registered at Kolkata with branch office at Guwahati & its Promoters-Directors; another private person and unknown bank officials & private persons on a complaint from IDBI Bank for causing a loss of Rs.168.62 crore(approx). It was alleged that Term Loan and Cash Credit facility were sanctioned(obtained) fraudulently to the private company to the tune of Rs.64.67 crore (approx) from the IDBI Bank for purchasing vehicles.
It was further alleged that the accused availed loan by submission of false documents and also the accused indulged in diversion of money for the purpose other than for which the loan was sanctioned, and thereby caused loss of Rs.168.62 crore (approx) as on 31.01.2021 to the bank. As on 01.07.2020, the outstanding balance was Rs.153.38 crore (approx) and the said account became NPA due to non payment of dues to the Bank.
Investigation is continuing.