CBI books 2 Gurdaspur firms for banking fraud

CHANDIGARH:THE Central Bureau of Investigation (CBI) has registered two separate cases of fraud after Bank of India lodged a cheating case against certain directors of private companies based in Punjab and other places. The bank has alleged cheating of ₹61 crore and ₹28 crore. The agency claimed that it conducted searches in Hoshiarpur, Gurdaspur, Amritsar and Pathankot, and recovered incriminating documents.

A CBI statement from its headquarters in New Delhi said, “The first case has been registered against a private rice mill, Sri Nangli Rice Mills Private Limited (SNRMPL), based in Mandi Gurdaspur and its four directors; another private firm based at Swank Mandi in Amritsar and unknown persons and unknown public servants.”

The statement added, “It is alleged that the accused, in pursuance of a conspiracy, induced Bank of India to sanction credit facilities on the basis of forged and fabricated stock statements, balance sheets etc. They cheated the bank without repaying the loan of ₹61 crore.”

A case was registered under sections 120-B (criminal conspiracy) read with 420 (cheating), 467 (forgery of valuable will, security etc), 468 (forgery for purpose of cheating) and 471 (using as genuine a forged document or electronic record) of the IPC and Sections 13(2) read with 13(1)(d) of Prevention of Corruption Act.

The agency’s release added that the second case was registered against Sri Nangli Agro Tech Private Limited (SNATPL), located on GT Road, Mandi Gurdaspur, and its four directors; M/s VB Aggarwal and Company in Mohan Market, Pathankot, and others. The fraud alleged in this case is Rs 28.3 crore. The FIR has been registered under the same sections, as in the first case.