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CBI files criminal case against BJP's Mohit Kamboj in Nirav Modi-like scam

Case this time involves Bank of India; probe agency conducts searches on Wednesday in Mumbai

bank, banks, bank merger

According to CBI, the bank had noticed certain irregularities during the inspection of the credit facility sanctioned to the jewellery firm in 2015

Shrimi Choudhary New Delhi
Another bank scam surfaced in which the modus operandi was somewhat similar to the one used in the alleged fraud by fugitive offender Nirav Modi in the case of Punjab National Bank. 

The Central Bureau of Investigation (CBI) has registered a case against general secretary of Mumbai BJP Mohit Kamboj, his company Avyaan Overseas for alleged diversion of funds by availing fraudulent foreign bills negotiation limit and export packaging credit limit, issued by lender Bank of India between 2013 and 2018.  

"In pursuance of the conspiracy, the company allegedly got sanctioned and released credit facilities worth Rs 60 crore. And

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First Published: Jun 17 2020 | 8:01 PM IST

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