The case was registered based on a complaint from Bank of Baroda Cuttack in Odisha, the CBI said in a press statement.
Photo: IANS
CBI Registers Case Against 8 In A Bank Fraud Case
The Central Bureau of Investigation (CBI) has registered a case against eight accused including three private companies based at Cuttack and Bhubaneswar city of Odisha in connection with a bank fraud case involving Rs 21 crore.
The case has been filed against three private companies — partners, guarantors/proprietors of private companies and unknown officials of Bank of Baroda and unknown others on the allegations of Bank fraud.
The case was registered based on a complaint from Bank of Baroda Cuttack in Odisha, the CBI said in a press statement on Tuesday.
It was alleged that the accused had availed various credit limits including fund based working capital (FBWC) limit from Bank of Baroda in conspiracy with others and cheated the Bank, causing loss to the Bank to the tune of Rs 20.99 crore with interest (as on August 31, 2021), during the year from 2011 to 2017, the agency said.
The accused also diverted the funds disbursed to the respective loan accounts and misappropriated the public money in the form of loan amount sanctioned to them.
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The case was registered based on a complaint from Bank of Baroda Cuttack in Odisha, the CBI said in a press statement. Ians Odisha Published: Wednesday, 01 December 2021 Last updated: 01 December 2021, 08:07 AM IST Photo: IANSCBI Registers Case Against 8 In A Bank Fraud Case The Central Bureau of Investigation (CBI) has registered a case against eight accused including three private companies based at Cuttack and Bhubaneswar city of Odisha in connection with a bank fraud case involving Rs 21 crore.The case has been filed against three private companies — partners, guarantors/proprietors of private companies and unknown officials of Bank of Baroda and unknown others on the allegations of Bank fraud.The case was registered based on a complaint from Bank of Baroda Cuttack in Odisha, the CBI said in a press statement on Tuesday. It was alleged that the accused had availed various credit limits including fund based working capital (FBWC) limit from Bank of Baroda in conspiracy with others and cheated the Bank, causing loss to the Bank to the tune of Rs 20.99 crore with interest (as on August 31, 2021), during the year from 2011 to 2017, the agency said.The accused also diverted the funds disbursed to the respective loan accounts and misappropriated the public money in the form of loan amount sanctioned to them. Other StoriesQ-Net, a multi-level marketing company had allegedly duped thousands of investors to a total worth Rs 5,000 crore. OTV had first exposed the scam in its investigative… The officials of the anti-corruption wing conducted simultaneous searches on the property of Sudarsan Pradhan following allegations of amassing assets disproportionate to the known sources of income. The Judicial Magistrate First Class (JMFC) Court, Salepur, had earlier ordered the Mahanga police to file the reinvestigation status report and CDRs by November 25. The police… Customers alleged that the gold appraiser, branch manager and cashier are involved in the fraud. Copyright © 2021 – Odisha Television Limited All Rights Reserved.