CBI files charge sheet against Delhi-based firm in PNB loan fraud
Darpan News Desk IANS, 16 Jun, 2022 10:14 AM
New Delhi, June 16 (IANS) The Central Bureau of Investigation (CBI) said on Thursday that it has filed a charge sheet against a Delhi-based soft toy manufacturing company and others, including its promoters and directors, for defrauding a consortium of 12 banks led by the Punjab National Bank (PNB) to the tune of Rs 2,040.63 crore.
"We have charge sheeted Delhi-based company Hanung Toys and Textiles Ltd, including its promoters and directors -- Ashok Kumar Bansal, Anju Bansal, Associate persons Rishu Agarwal, Manoj Kumar Garg and Kali Kant Jha, Statutory Auditor Piyush Jain and company's Secretary Arvind Kumar Gupta under various sections of the IPC," a CBI official said.
The official added that a case was registered on September 25, 2020, against the private firm and others on the allegations of causing losses to the tune of Rs 2040.63 crore to the consortium of 12 banks led by PNB.
It was alleged that Hanung Toys and Textiles Ltd was engaged in manufacturing and export of stuffed toys, home furnishing items, dyeing and bleaching, and processing of fabrics.
The CBI during investigation came to know that the accused allegedly manipulated the books of accounts by suppressing the actual derivative loss and made false financial statements across the years from 2008-2013 in order to present the inflated financial worth of the company for the purpose of obtaining various credit facilities from the banks.
It was further alleged that the quantum of suppressed derivative loss were malafidely and incorrectly reflected as non-existent debtors as well as stock in its books of accounts, thereby resulting in excess borrowing of Rs 478.35 crore from the consortium of banks.
"The borrower company had inflated its turnover by entering into non-genuine transactions with certain parties. These trades were allegedly done in circular transactions amounting to Rs 560 crore in order to siphon money from the banks and diverted the funds for personal gains of the directors and promoters of the said company," said the CBI official.
Further investigation on the role of others in the matter is underway.
Police are looking at this angle. The incident took place near Kengeri at 1 a.m. and the injured were shifted to nearby hospitals. According to the police, the bus had first hit the 4-feet tall road divider and then rammed into the Namma Metro Pillar number 545.
Chairing a meeting of the Special Task Force (STF) team led by its chief Harpreet Sidhu here, Mann said neither political persons nor officers would be spared if found conniving with the drug mafia. He told the police officers to work freely without any political pressure with a sharpened focus to make Punjab a drug-free state.
According to the SHO of Cantonment police station, Rajeev Singh, Ram Lakhan's wife informed the police that her husband had confessed to killing their son following a fight with her. A police team went looking for the 'body' but could not find the child.
Police said that doctors gave him enema to recover the jewellery from his stomach. The man along with his girlfriend was invited by a friend for Eid celebrations at her home.
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Asking Mann not to become a puppet in the hands of Kejriwal, the SAD President said: "The Chief Minister should take review meetings of the law and order situation as well as ensure those responsible for flaring communal tensions in the recent Patiala clash are brought to task instead of keeping himself busy by deputing Punjab Police teams to Delhi to arrest opponents of AAP."
