CBI books firm directors for cheating IDBI Bank of ₹168 cr.
The CBI has booked 4 promoter-directors of a Guwahati-based firm and others for allegedly cheating the IDBI Bank of about ₹168.62 crore.
The accused have been recognized as Pranab Ghosh, Pratul Ghosh, Gita Rani Ghosh and Prabir Kumar Ghosh, all promoter-directors of Ghosh Brothers Automobiles, and chartered accountant Arunabha Chattopadhya. Unknown financial institution officers are additionally below the scanner.
It is alleged that time period mortgage and money credit score facility have been sanctioned to the non-public firm based mostly at Betkuchi in Guwahati for shopping for automobiles. The accused had used cast paperwork to get the loans. They diverted the funds so raised, inflicting the loss to the financial institution.
As on June 1, the excellent stability stood at ₹153.38 crore and the account had develop into non-performing asset as a consequence of non cost of the dues, mentioned the CBI.