On May 1, 2020, the Central Bureau of Investigation (CBI) registered a case against a private company, its three directors and others — including unknown public servants — for cheating State Bank of India’s Karnal branch and causing it loss to the tune of Rs 173.11 crore.
The FIR also mentions unknown public servants as accused in the case. The agency suspects that someone from the bank might have helped the accused.
Officials of the CBI identified the company as Ram Dev International Ltd that has a registered office at Rohini in New Delhi and its three directors as Naresh Kumar, Suresh Kumar and Sangita.
The agency, in an official statement, said, “The Central Bureau of Investigation has registered a case under sections 120-B r/w 420, 468, 471 and 406 of the IPC and Section 13(2) r/w 13(1)(d) of the Prevention of Corruption Act, 1988, on a complaint received from State Bank of India against a private company having registered office at Rohini, New Delhi, and its three directors and others, including unknown public servants.”
It said the accused allegedly cheated the SBI, Karnal branch, and caused loss to the bank to the tune of Rs 173.11 crore (approx.).
“It has been alleged that the said accused had cheated the SBI, Karnal Branch and caused loss to the bank to the tune Rs 173.11 crore by way of unauthorized removal of Plant and Machinery from the factory premises which were hypothecated to the bank,” CBI said.
According to the FIR, the disbursement of loan from the bank was shown as a capital infusion via circular movement of fund transfers, availing EPC disbursements against the same security, proforma invoices, submission of fake proforma invoices and showing non-existent entities as debtors.
The federal probe agency suspects that forged documents were used as original documents for sanction of loans in this case. The CBI is likely to summon the accused in the case to record their statements.