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.
Two people were declared dead and several others injured after two cable cars in a ropeway collided with each other at the Trikut hills close to Baba Baidyanath Temple in Deoghar on Sunday.
On April 4, the Force seized over two kg of contrabands suspected to be heroin, while on January 12, 6.3 kilograms heroin and one pistol, one magazine and 50 rounds were recovered.
The crime data indicates that 158 murders have taken place in the state this year in almost 100 days making an average of 50 murders per month, while in previous years, the number of murders was 724 and 757 in 2021 and 2020, respectively, making the monthly average of murders for 2021 and 2020 was 60 and 65 murders respectively.
Terming the record-breaking figures a result of the good arrangements, he said the state government was committed to welfare of the farmers and would continue to take all possible steps to facilitate them.
When a foul smell emanated from the car in the morning, the ashram staff opened the vehicle and saw the body inside after which they informed the police. The police reached the spot, took custody of the body and sent it for post-mortem.
On January 12, the BSF had seized heroin, arms and ammunition along the India-Pakistan border in Punjab, allegedly being pushed in by Pakistani-based smugglers.
