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Bank fraud: CBI conducts searches at 10 places, including Kolkata, Gurgaon

Probe is conducted regarding the allegation of bank fraud case of Rs 184

ANI  |  New Delhi 

CBI logo  Wikimedia Commons
CBI logo | Photo: Wikimedia Commons

The (CBI) on Wednesday conducted probe at ten places including Kolkata, Gurugram, Jamshedpur, and in connection with the allegation of cheating against Kolkata's of (UBI) and

A case has been registered on complaint of the against accused Ashish Jhunjhunwala, Naveen Gupta, Ayush Lohia, Lalit Mohan Chatterjee, Bimal K. Jhunjhunwala, all private people and directors and public servants working then as nominated and independent directors of Ltd., namely Debashish Sarkar, presently General Manager of Industrial Development of (IDBI), former executive director of Vijaya and retired officer Krishan Murari Lal.

The allegations are that the accused cheated the UBI, the CFB, to the tune of Rs. 184.43 crore (approx) through the loan account of Ramsarup Utpadak (Unit-II) of Ltd. by diverting a sum of Rs. 130.95 crore to a group company klnown as M/s RAV Dravya Pvt.

Further details are awaited.

First Published: Wed, June 14 2017. 16:09 IST
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