CBI books three firms for bank fraud
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PNB says credit score amenities to the tune of ₹518.42 crore has became non-performing property
The Central Bureau of Investigation has registered a bank fraud case towards three firms and the director of Apple Group of firms, which has an impressive of over ₹518.42 crore with the Punjab National Bank.
Those named within the FIR are Nirajit Trading Private Limited, Saccharine Infrastructure Limited, Pooran Tading Private Limited and Ashish Garg, the director of Apple Group of firms.
In its criticism, the bank alleged that Mr. Garg indulged in fraudulent actions, and sought a probe beneath provisions associated to fraud, forgery, siphoning of funds and legal breach of belief. The credit score amenities to the tune of ₹518.42 crore to the group entities had became non-performing property.
The bank got here to know concerning the alleged offences after it obtained an investigation report from the Income-Tax Department, which had carried out searches and surveys within the case of Apple Group of firms on December 7, 2018. The report purportedly revealed tax evasion, non-compliance of KYC paperwork and suspicious transactions.
“Various instances of forgery of signature and impersonation were also highlighted in the report,” mentioned the FIR. There was additionally rotation of funds. Accounts of those firms have been opened with the bank inside a span of two or three days in February 2014.
The bank alleged that post-demonitisation, large transactions amounting to ₹17 crore have been made within the accounts of the three firms. It was learnt that the group was by then already beneath the CBI scanner.
Mr. Garg was the introducer in all of the accounts of the Apple Group. The bank quoted the sworn statements of Dimple Gaba, who labored as an govt assistant to Mr. Garg; Rajesh Kumar Chaturbedi, director of Propitious Infrastructure Private Limited; and Deepak Kumar, director of Pooran Tading Co., to the Income-Tax Department, alleging that that they had not signed the account opening varieties or KYC paperwork used within the course of.
