Sources say that CBI director Alok Kumar Verma has asked his officers not to sit on complaints on bank frauds and immediately register an FIR. Instead, they waited for three years and filed a complaint in August 2017.
The CBI had on Thursday registered another case of fraud by a Delhi-based jeweller for Rs 389.5 crore involving the Oriental Bank of Commerce.
The CBI has named the company's Chairman and Managing Director Gurmit Singh Mann, Deputy Managing Director Gurpal Singh and eight other officials in its First Information Report.
As per the MoU, out of the sugarcane price to be paid by Simbhaoli Sugars to the farmers, loan liabilities were to be adjusted and the remaining amount was to be paid by the company to the farmers, said the FIR.
A third loan fraud hit scam-laden Indian banking system on Friday after a diamond exporter was found using Letters of Credit (LoCs) issued by Oriental Bank of Commerce (OBC) to pay off other creditors against the purchase of gold and other precious stone and transfer gold and funds outside the country using fictitious transactions.
Ghaziabad-based Simbhaoli Sugars, its directors, CEO, CFO, unknown bank officials and other private persons have been booked by the agency on charges of cheating, criminal conspiracy and under sections of the Prevention of Corruption Act. "He had approached me for consultancy on taking loan".
The various credit facilities company had availed from OBC between 2007 and 2012 swelled to Rs 389 crore during the period. The loan turned into an NPA in 2013 and the bank even sold a property kept as collateral to recover its dues, sources said.
After the account turned into a non-performing asset in March 2015, the bank declared that it was an alleged fraud of Rs 97.85 crore. During the visit to the shady area where the people lived one of the biggest questions that arise was that how the bank passed 100s of crores of loans without checking the profile of the customer. Tech Mach was later removed from the panel of valuers by the bank.
PNB approached the CBI for a second time on Wednesday against one of its branch managers at its Barmer office in Rajasthan.
The technology would use AI to predict demand for taxis and allow companies to more efficiently mobilise their resources. The use of AI could also breathe new life into a taxi industry that has seen its profits cut into by ride-hailing apps.
BJP Subramanian Swamy said explanation is needed from both the Indian government and the Canadian counterparts. Sidhu was struck twice and survived the attempt on his life, but was later assassinated in India.
For the time being at least, good, old friend Fatih Birol seems to be having an upper hand in his ongoing battle with Falih. Back in 2014, United States shale production was growing so fast that it ended up crashing the market.
When justices first declared the previous map unconstitutional on January 22, they ordered the GOP-controlled legislature and Gov. Saccone holds a three-point lead over his Democratic opponent Conor Lamb, according to a recent Pittsburgh Post-Gazette poll .
SAMSUNG HAS raised the bar again with a Solid State Disc (SSD) drive that crams a massive 30TB of storage into a standard format. Through Silicon Via (TSV) technology is used to interconnect 8 Gb DDR4 chips into ten TSV DRAM packages each totaling 4 GB.
People familiar with the matter claim that Apple wants these wireless headphones to be able to survive splashes of water and rain. The IP rating also means that the iPhones can survive when submerged in 1 meter of water for a period of 30 minutes.
Doctors in India recently operated on what they say could be the largest brain tumor in the world, according to news reports . During the seven-hour surgery, doctors removed the massive tumor along with skull bone which had moved into the brain.
A player Mourinho defined as "can defend, he can win the ball, he can make the play, he can pass, he can score". The Spanish club are aiming for their first quarterfinal berth in Europe's elite club competition since 1958.
Rain on the horizon as India bat
The tall and lanky South African all-rounder had bowled an excellent first over in the Indian innings as he troubled Dhawan a lot. That win came in 2016, when a spell of 4/21 from Imran Tahir helped restrict England to 134/8 from their allotted overs.
Trump to American conservatives
Trump rhetoric ramped up as he strayed from the script and attacked enemies and fed off the emotion of the crowd. He suggested "maybe 10 percent or 20 percent of the population of teachers " should have concealed weapons.
MMA: McGregor plotting UFC return
McGregor himself has always been quick to pour water on Nurmagomedov's claims that he's ready for a title shot. Chris Taylor of BJPenn.com, first reported that the fight would be for the undisputed title back in January.
Marvel does it again with "Black Panther"
Black Panther tells the story of T'Challa ( Chadwick Boseman ), newly crowned king of the mysterious African country of Wakanda. Black Panther had helped the Fantastic Four on several other occasions fighting villains like Doctor Doom and Psycho-Man.
Sony Xperia XZ2 Specifications And Prices Leaked
Sony will have their press announcement on Day 1 of the conference and it seems we'll have two exciting new handsets to check out. On the off chance that you were pondering, the Xperia XZ1 Compact gives us a 3.5mm audio jack on the top side.
Red Cross demands access to wounded in Syria's Eastern Ghouta
Panos Moumtzis, the United Nations humanitarian coordinator for Syria , condemned the bombing of five hospitals in eastern Ghouta. Ghouta city is getting out of control as medical supplies were already in short after years-long blockade of the area since 2013.