New Delhi: The Central Investigation Bureau has registered a case against a company based in Hydaba, Director of Executing, Director and civil servants who are not known for the alleged bank fraud based on complaints from Bank Negara India (SBI) Stress of Management Branch Assets in Secunderabad, accused the company causing loss around RS 218.21 Crore to the bank.
In accordance with the press release from the agency, the defendant has been identified as Haridass Ramesh and Urvashi Ramesh, each Managing Director and Director of Nandini India Pvt Ltd (NIIPL).
“Other public employees who are unknown and personal personal have also been identified as defendants,” he said.
“It was alleged that the private company initially gave sanctions around Rs 9.5 Crore.
Fund-based limit on September 14, 2007 which was increased from time to time based on the terms of borrowing working capital.
Total fund-based and non-funded funds based on the company approved It’s around Rs 89.50 Crore.
The loan account was declared NPA in March 2014 because of the non-payment of contributions to the Bank of India (SBI).
Of total, the amount around RS 54.21 Crore was extraordinary as on the NPA date (March 30 2014) their subsidiary and others use the transfer of loan production and for excessive results of loans by sending increased invoices to the bank.
Alleged losing SEK Octar RS 218.21 Crore was caused by SBI.
Searches are made in three places in Hyderabad which leads to the recovery of some burdensome documents.
RS 218.21-CR case: HYD-based CBI company
