CBI files cases against companies for defrauding banks
New Delhi: The CBI on Sunday registered cases against a Chandigarh-based company and three of its directors for cheating a bank in Punjab of over Rs 1,300 crore, officials said.
The Central Bureau of Investigation also registered cases against a Jabalpur-based company and four of its directors for siphoning off nearly Rs 44 crore from a Madhya Pradesh bank.
The CBI booked Kudos Chemie Ltd, Chandigarh, and its directors Jitendra Singh, Kabir Sodhi and Gurmeet Sodhi under several offences including criminal conspiracy and cheating.
The case was registered following a complaint by the Punjab National Bank (PNB) that the directors along with several unknown persons siphoned off Rs 1,301 crore from the bank by availing credit facilities using false and fabricated documents.
The Jabalpur based Jagdamba AMW Automotive Ltd. and Pushpendra Singh, Yogendra Singh, Shailendra Singh, and Pratima Singh were booked for allegedly defrauding the Canara Bank of Rs 43.77 crore by availing credit facilities through forged documents.
Probing the matter, the CBI conducted searches in Chandigarh and Mohali in Punjab and Jabalpur and Reva in Madhya Pradesh.