Lucknow: Central Investigation Bureau (CBI), Lucknow Unit, submitted a case against hydric agricultural input and director – Pankaj, Paresh and Deepak Rastogi – for allegedly deceiving small industrial development banks (SidBI) from Rs 8.69 Crore.
This case was registered with a written complaint by the Sidbi Deputy General Manager of Shyaman and Yadav, who accused the accused of getting a loan for non-moving assets that had been sold to third parties, handing over a forging balance sheet and transferring the loan amount to another company.
Last month, the CBI had ordered Rastogis for Dupming Canara Bank amounting to Rs 25 Crore.
In accordance with the complaint, the 10-crore RS loan is disbursed in the current story of Hydric Limited Agriculture input on April 15, 2015, but on the same date, the defendant transferred all the number to other companies, M / S Fortek Biosciences Pvt Ltd.
Two months later, the borrower company submitted a certificate to prove that the loan was used to pay for suppliers of seeds, fertilizers and chemicals.
However, payments are not in accordance with transactions made by borrowers in their bank accounts, which are contrary to the terms and conditions of the loan.
Second, hydric farming input also cooks books.
The 2014 balance sheet did not show income tax contributions, but in 2015 showed tax payable RS.1.15 Crore for more than 6 months.
Fiscal account 2010-2011 is also fudged.
Loans will not be approved if the balance sheet has a contribution.
Yadav in his complaint also accused that the 6080sqm land in Bakshi Ka Talab was pounded into the SIDBI owned by RC Clubs Pvt Ltd and could not be clearly identified.
Sidbi detected fraud on February 27, 2020, and reported this problem to the RBI on March 5 in the same year.
SIDBI has also initiated action against three officers and the penalty process was underway in consultation with the Central Wativeace Commission.