CBI REGISTERS A CASE AGAINST FIVE ACCUSED INCLUDING
PROMOTORS/DIRECTORS OF A PRIVATE COMPANY & OTHERS
FOR CAUSING AN ALLEGED LOSS OF Rs.168.62 CRORE (APPROX)
TO IDBI BANK
Press Release
Dated:
01.06.2021
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.