CBI Raids 5 Locations In Delhi, Aligarh In Bank Fraud Case
CBI performed searches at 5 places on the reputable and home premises of administrators.
New Delhi:
The CBI on Thursday performed searches at 5 places in Delhi and Uttar Pradesh’s Aligarh after registering an FIR towards Hind Agro Industries Ltd for an alleged financial institution fraud of Rs 221.72 crore within the Punjab Nationwide Financial institution, officers mentioned.
The corporate engaged in meat product export used to be sanctioned credit score amenities of Rs 200 crore in 2011 which used to be enhanced to Rs 357.61 crore right through March-September, 2015, they mentioned.
“It used to be additional alleged inter alia that the credit score amenities have been required for use for making 100 in keeping with cent export, however the corporate utilised export credit score facility in an effort to fund the home gross sales. It used to be additionally alleged that the borrower corporate transferred the price range to quite a lot of comparable firms with none underlying industry actions,” CBI spokesperson R Ok Gaur mentioned.
After registration of the FIR, the CBI performed searches at 5 places on the reputable and home premises of the administrators in Delhi and Aligarh, he mentioned.
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