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.
One member of the family, who was not in the hut at the time of the incident, has survived. The cause of the fire could be a fire spark from a nearby massive municipal garbage dump that has been under fire for the past few days, a police official said.
The anti-encroachment drive began in the violence-hit Jahangirpuri area at around 10.40 a.m. in the morning. The first demolition was of a tobacconist's shop and then the JCB proceeded further to demolish another juice-cum-tobbacco vendor next to it. A double storey scrap dealer's shop was also razed to the ground.
In the run-up to the Assembly elections in Punjab earlier this year, Vishwas, without naming him, had said that Arvind Kejriwal wants to be the Prime Minister of an independent nation of Khalistan, accusing the AAP convenor of having connections with separatists in Punjab.
Talking to the media at Gurdwara Rakabganj here, Badal said the AAP had again started befooling Punjabis in its age-old tradition. The Punjab Finance Minister had now announced that the state's river waters would not flow into Haryana.
According to the police, acting on a tip-off, a joint team of Sector-40 and cybercrime police stations raided a call centre running in South City Phase-1 and arrested 11 persons, who used to allegedly cheat residents of the US and Canada.
Guru Tegh Bahadur, also known as Hind Di Chadar, stands as a shining symbol of the country's great pluralistic tradition and secularism, and his supreme sacrifice forms an important part of India's history. According to the Chief Minister, Haryana shares a special bond not only with Guru Tegh Bahadur but all 10 Sikh gurus as most of them travelled across the state.
