Haryana

CBI BOOK KARNAL BASED SHAKTI BASMATI COMPANY, 3 DIRECTORS,OTHERS FOR CAUSING LOSS OF RS.100.46 CRORE TO SBI

May 28, 2020 10:29 AM

CBI CONTINUE RAIDING TO NABS ACCUSED, ALL STILL AT LARGE

New Delhi/Karnal (Face2News)

The Central Bureau of Investigation (CBI) has registered a case on a complaint received from State Bank of India against a private rice company based at Karnal (Haryana) namely M/s. Shakti Basmati Rice Pvt Ltd,  Shyam Lal, Parveen Kumar, Suresh Kumar, all Directors of M/s. Shakti Basmati Rice Pvt Ltd, Karnal and  Unknown others including public servants .

It was alleged that the accused, engaged in the manufacturing of grain mill products (rice), obtained credit facilities from commercial branch of State Bank of India, Karnal(Haryana), by misrepresentation of facts. It was further alleged that the accused had cheated the Bank by diverting the loan amount for introduction of share capital, inflating the sale & purchase figures and devaluation/decrease of stocks to show losses for diverting the funds by selling the stock out of the books.

It was also alleged that the accused failed to repay the loan amount resulting in the loss of Rs.100.46 crore(approx) to Bank. Investigation is continuing.

 
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