New Delhi, 02.07.2020: The Central Bureau of Investigation has registered a case against Bulandshahar (Uttar Pradesh) based private company & its Director and others including unknown public servants & unknown persons on a complaint from consortium of 7 banks led by IDBI Bank on the allegations of fraud of Rs.424.07 crore (approx).
It was alleged that the Borrower Company had availed the packing credit from the bank on the fake purchase order from associate concern. It was further alleged that the company was maintaining current account with non consortium banks and sale proceeds were routed through these accounts without the knowledge of consortium members. It was also alleged that heavy transactions were made with related parties who did not have TIN registration etc.
Searches were conducted today at the premises of accused at Delhi and Bulandshahar which led to recovery of certain incriminating documents/material.
Investigation is continuing.