The CBI carried out searches on Friday at three locations in Delhi and the NCR. (Representative)
New Delhi:
The CBI on Friday conducted searches at three locations in Delhi and NCR in connection with suspected fraud on a Rs 190 crore bank loan, officials said.
The research was conducted after the agency registered an FIR against Shri Sidhdata Ispat Pvt. Ltd., Govardhan Industries Pvt. Ltd., Shri Sidhdata Steel Tubes, Sudershan Tubes and others over the Bank of Baroda complaint, they said.
He also reserved their promoters and directors Om Prakash Gupta, Pradeep Kumar Gupta, Rajesh Kumar Gupta, Suresh Kumar Gupta, Manju Gupta among others, they said.
Loans taken out by companies over the years became non-performing assets in 2013-14, officials said.
The bank carried out a forensic audit which showed irregularities in the keeping of account books, false transactions, lack of proper cost accounts, etc. in addition to embezzlement, they said.
“It was alleged in the complaint that the accused cheated Bank of Baroda to the tune of Rs. 190.76 crore (excluding interest) using various credit facilities, on the basis of submitting false documents to the bank. .. “CBI spokesman RK Gaur said.
It was also alleged that the funds were fraudulently misappropriating for purposes other than those for which they had been sanctioned, he said.
“Research was conducted today at two locations in Noida (UP) and one location in Delhi, which led to the recovery of incriminating documents / materials,” he said.
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