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CBI arrests promoters of Abhijeet Group, indicates 'large-scale' scam

The agency had registered a case in 2015 against the accused for criminal conspiracy, cheating

Press Trust of India  |  New Delhi 

CBI logo  Wikimedia Commons
CBI logo Wikimedia Commons

The has arrested Manoj Jayaswal and Abhishek Jayaswal -- promoters of a major mining company Abhijeet Group -- along with a former DGM of for allegedly causing a loss to Rs 290 crore to the

Investigation has indicated that it is a "large-scale scam" in which 13 companies of Abhijeet Group took loans from over 20 banks and financial institution which allegedly turned into non-performing assets since 2014 resulting in outstanding loans of Rs 11,000 crore, sources claimed.


"The agency has arrested promoters of Abhijeet Group Manoj Jayaswal and Abhishek Jayaswal and T L Pai, a former DGM of for defrauding in Canara and Vijaya banks of Rs 290 crore," Spokesperson R K Gaur said.

The agency had registered a case in 2015 against the accused for alleged criminal conspiracy and cheating.

An alleged loss to the tune of Rs 218.85 crore (approx) to and Rs 71.92 crore (approx) to was caused, the had said after filing the FIR.

The agency had acted on the complaint of both the public sector banks alleging that the accused perpetrated of Rs 290.77 crore (approx) by fraudulently availing line of credit facility during the 2011-13 period, it had said. 

First Published: Wed, June 14 2017. 01:36 IST
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