Lucknow: Two pine has been submitted by the CBI anti-corruption unit in Lucknow against two companies because of cheating two banks around Rs 45-Crore in separate cases.
In the first case, the Krishna container carton box manufacturing company cheats Bank Baroda Rs 32 Crore.
The company and its partners create accommodative bills without trading actual and sucking bank funds.
The complainant in the case of Bank Baroda RUMS Manoj Yadav accused the cash credit limit of RS 32.35 Crore given to the company.
However, the investigation found that both sellers and false buyers indicated that there was no physical movement of goods and bills that were raised not for original business transactions.
Manoj also accused that Krishna’s container was involved in the import of pure oil that they could sanction on the Letter of Credit Credit (FLC) facility by the Bank.
“But the company changed the credit facility to cover funds that had been transferred to the association company.
A pine against Dinesh Arora, managing Krishna’s container partners, Shalini Arora and unknown civil servants have been submitted on charges of criminal conspiracies, dishonesty, forgery for cheating purposes, cheating using original documents and precautions of corruption Commodities in the conditions that financial discipline will be maintained, timely payments will be ascertained and submission of stock statements made mandatory.
But the company and the borrower failed to comply with the terms and conditions.
Arun accused that the forensic audit was carried out where the same product description number was found in the sales and purchase document .
Besides That some other differences are also detected as the product details are lost, there are incompatibility in vendor business profiles and customers and stock records for lost and outdoor goods movements.
Two Lucknow Dupe Two Bank Firms RS 45 Crore
