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.
The Chief Minister's Office said the Cabinet gave the nod for promulgation of the session from June 24 with obituary references and motion of thanks on the Governor's Address, followed by a discussion on it.
"The passing away of such a promising life is very saddening and unfortunate. As a mother myself I can feel the pain and anguish of the parents and today, I have come here to share their pain," she said while interacting with the mediapersons.
Special Judge Anil Antil of Rouse Avenue Court noted that the accused Ankur Aggarwal along with his family had absconded and concealed himself for about 15 years in Canada and even after coming to India, he remained elusive for about three years or so.
Addressing a press conference here to highlight the letter written by Majithia's wife and Majitha legislator Ganieve Kaur Majithia to the DGP along with a copy to chief minister Bhagwant Mann, senior SAD leaders Maheshinder Singh Grewal and Daljit Singh Cheema demanded the immediate removal of Sidhu from the additional charge of the ADGP, Prisons, besides taking other necessary action in the case.
The Akal Takht Jathedar and Shiromani Gurdwara Parbandhak Committee (SGPC) officials honoured the families of those who were killed during 'Operation Bluestar'. There was heavy barricading by police around all entry points to the Golden Temple.
According to the official, information was received on June 3 that two persons carrying a country-made pistol would come in a car at Jamia Nagar to meet their common friend.
