According to CBI, the case has been registered against DGM Rakesh Jaiswal, Jain Infraprojects Ltd. and its promoters - Mannoj Kumar Jain, his wife Rekha Mannoj Jain and Sunil Kumar Dangi for alleged criminal conspiracy, cheating, forgery besides provisions of Prevention of Corruption Act.
According to CBI, the case has been registered against DGM Rakesh Jaiswal, Jain Infraprojects Ltd. and its promoters - Mannoj Kumar Jain, his wife Rekha Mannoj Jain and Sunil Kumar Dangi for alleged criminal conspiracy, cheating, forgery besides provisions of Prevention of Corruption Act.
"The accused entered into a criminal conspiracy with each other and allegedly diverted bank funds illegally for a purpose other than for what they had been sanctioned. An alleged loss of INR 212.30 crores was caused to the bank," said a CBI official.
During 2011-13, the Central Bank of India allegedly gave fraudulent credit limit and Letter of Credit/BG facility to Jain Infraprojects Ltd. Searches were conducted at five places in Kolkata and one place in Allahabad.
The CBI said that it recovered documents which included copies of LCs and BGs, besides certain seals of four shell companies through which some loan proceeds have been allegedly invested on diversion.
The said amount has been declared as NPA and fraud by the Central Bank of India.
No comments:
Post a Comment