Face2News/Chandigarh/Shimla
The Central Bureau of Investigation has registered a case against a private company based at Una (Himachal Pradesh) & its Directors and unknown others.
It was alleged that the Directors of said private company entered into a conspiracy among themselves and others during the year 2017-2018 and in pursuant thereof obtained a Credit facility in the form of Term Loan of Rs. 9.85 Crore from UCO Bank, Mandi for construction of showroom, purchase of plant & machinery and other allied items.
Searches were conducted at 4 places belongings to the said accused & company in Una, Kangra etc which led to recovery of incriminating documents
It was further alleged that the said accused instead of creating the said assets, cheated the bank and siphoned off/diverted the funds to the other accounts maintained with other banks under the control of the said borrowers.
Searches were conducted at 4 places belongings to the said accused & company in Una, Kangra etc which led to recovery of incriminating documents.
Investigation is continuing.