One in every of the FIRs filed against people of Vadodarabased Bhatnagar family interested on Rs 2,654.40cr DPIL bank fraud case; accused defrauded BoI of 54.19cr; banks lose total Rs 259.69cr in three cases
The Central Bureau of Investigation (CBI) has filed three complaints of bank frauds in Gujarat in the final three days.
The total quantity of fraud in your entire three cases amounts to Rs 259.69 crore.
Whereas one FIR used to be filed against a firm in Ahmedabad, two are against Vadodara-primarily based companies. Two bank frauds delight in taken residence against Financial institution of Baroda and one against the Financial institution of India.
Mayfair Leisures LimitedOn September 10, CBI filed an FIR against Vadodara-primarily based Mayfair Leisures Ltd for inflicting wrongful loss of Rs 54.19 crore to Financial institution of India. That is the 2nd CBI case against people of the Bhatnagar family who delight in Diamond Vitality India Ltd (DPIL).
It can fair be recalled that CBI had booked people of the Bhatnagar family in April 2018 DPIL for dishonest a consortium of 11 banks to the tune of Rs 2,654.40 crore by falsification of accounts.
Brothers Amit and Sumit Bhatnagar, along with their father Suresh Bhatnagar, had been asked to hitch the probe but they absconded and sought anticipatory bail, which used to be rejected by the CBI court docket in April 2018. They had been later nabbed by the Gujarat ATS from Udaipur.
The September 10 FIR states that Mayfair Leisures Ltd and its Directors Rajesh Nimkar, Madhurilata Suresh Bhatnagar, Mona A Bhatnagar, Richa A Bhatnagar, Namo Narain Bhatnagar, Sangram Jayraj Barot and the corporate Northway Areas Ltd, had in connivance with unknown public servants of Financial institution of India and others, diverted bank funds to community companies for wrongful assemble.
In a complaint filed by BoI on January 1, 2020, Mayfair used to be given a mortgage of Rs 63 crore in 2012 to invent a 5-necessary particular person hotel in Vadodara. The project fee of the hotel used to be Rs 112.93 crore.
A forensic audit found inconsistencies in the shareholding sample of the corporate. Mayfair supplied stakes to El World Ltd for Rs 28 crore and Rs 90 crore in two tranches. An near of Rs 66 crore used to be purchased against the above sale of stake but would possibly perhaps perchance now not be traced in the audited reviews of the corporate.
An near of Rs 28.77 crore given to Northway Areas Ltd, which in turn, had given the identical as mortgage and nearly about Diamond Vitality Infrastructure Ltd (DPIL). The transaction used to be now not as per phrases of the work converse, the FIR stated.
Wooden Broad name Pvt LtdAn FIR used to be filed on September 10 against Directors of Ahmedabad-primarily based Wooden Broad name India Pvt Ltd. Its directors Rohit Patel and wife Deepti Patel, and an unknown public servant, had been booked by CBI for allegedly defrauding Financial institution of Baroda (BoB) of Rs 31.85 crore.
In line with the FIR filed by BoB, Rs 35.74 crore credit score used to be given to the corporate of which Rs 24 lakh used to be very most attention-grabbing repaid, inflicting a loss of Rs 31.85 crore to the bank.
Mukt Jewellers Baroda Pvt LtdThe CBI on September 8, filed a case of fraud, dishonest, forgery, and criminal conspiracy against Shree Mukt Jewellers Baroda Pvt Ltd, its proprietor Harsh Gopal Soni and unknown public servants for allegedly dishonest Financial institution of Baroda to the tune of Rs173.63 crore.
The complaint filed by BoB stated the corporate had did now not repay the mortgage taken in 2013. The company used to be declared wilful defaulter in 2018 with an prominent of Rs173.63 crore.
The bank alleged that funds had been diverted to varied other companies now not interested on the jewellery industry.
Soni used to be booked below sections 120B, 420, 467, 468 and
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