Friday, July 3rd, 2020

CBI REGISTERS A CASE AGAINST TWO THEN DIRECTORS OF DELHI BASED PRIVATE FIRM AND OTHERS FOR CAUSING AN ALLEGED LOSS OF RS.4138 LAKH(APPROX) TO INDIAN OVERSEAS BANK

downloadINVC NEWS New Delhi, The Central Bureau of Investigation has registered a case on a complaint from Indian Overseas Bank (IOB), Regional Office, New Delhi u/s 120-B r/w 420, 467, 468, 471of IPC and Sec. 13(2) r/w 13(1) (d) of Prevention of Corruption Act, 1988 against the then two Directors of New Delhi based private Air travels firm and other unknown public servants & private persons. It was alleged that the accused persons in connivance /criminal conspiracy with the branch officials and with each other had siphoned-off the bank funds sanctioned under CC Limit and as Bank Guarantees to said firm. The accused persons allegedly submitted fabricated financial statement for availing credit facilities and the enhancement of the same. It was further alleged that through submission of false Book Debt statements, the accused person induced the bank to disburse funds which were siphoned off, causing a loss of Rs.4138.85 lakh(approx) to the complainant bank. Searches were conducted at 04 locations in New Delhi which led to recovery of incriminating documents & certain Hard Disks. Further investigation is continuing.

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