CBI files FIR against Delhi-based firm for cheating SBI of Rs 173 crore


The FIR additionally mentions unknown public servants as accused within the case. The company suspects that somebody from the financial institution may need helped the accused.

File picture of CBI HQ in Delhi (Photo Credits: PTI)

The Central Bureau of Investigation (CBI) has filed an FIR against a Delhi-based non-public firm and its administrators for defrauding the State Bank of India (SBI) to the tune of Rs 173 crore.

The FIR has been filed against the firm M/s Ram Dev International Limited (registered workplace at Rohini, New Delhi) and its three administrators – Naresh Kumar, Suresh Kumar and Sangita – for prison conspiracy, cheating, fraud and looting the general public cash. The accused have additionally been booked beneath varied sections of the Prevention of Corruption Act.

The FIR additionally mentions unknown public servants as accused within the case. The company suspects that somebody from the financial institution may need helped the accused.

“It has been alleged that the said accused had cheated the SBI, Karnal Branch and caused loss to the bank to the tune Rs 173.11 crore by way of unauthorized removal of Plant and Machinery from the factory premises which were hypothecated to the bank,” CBI mentioned.

According to the FIR, the disbursement of mortgage from the financial institution was proven as a capital infusion through round motion of fund transfers, availing EPC disbursements against the identical safety, proforma invoices, submission of faux proforma invoices and exhibiting non-existent entities as debtors.

The federal probe company suspects that solid paperwork had been used as authentic paperwork for sanction of loans on this case. The CBI is more likely to summon the accused within the case to report their statements.

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