The Central Bureau of Investigation (CBI) has filed an FIR against a Delhi-based private firm and its directors for defrauding the State Bank of India (SBI) to the tune of Rs 173 crore.
The FIR has been filed against the firm M/s Ram Dev International Limited (registered office at Rohini, New Delhi) and its three directors – Naresh Kumar, Suresh Kumar and Sangita – for criminal conspiracy, cheating, fraud and looting the public money. The accused have also been booked under various sections of the Prevention of Corruption Act.
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.
“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.
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