Another fraud case got here out of PNB

by Jeremy Spirogis
Netflix made more movies than any other studio

Highlights:

  • Another fraud case got here out of PNB

  • 1 billion, 36 crore, 09 lakh rupees

  • CBI and ED group will examine the case

Raj Express At current, Nirav Modi and Mehul Choksi weren’t even convicted within the Punjab National Bank (PNB) rip-off and one other fraud case has come out of the PNB. In this case the quantity of fraud is 1 billion, 36 crore, 09 lakh rupees.

What's the matter:

In truth, a case of conspiracy by manipulating paperwork from Punjab National Bank (PNB) has come to gentle. <! –

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                 In this case, the FIR was registered on December 24 by the Economic Offenses Wing of Ranchi, CBI. According to the FIR, a case of cash laundering was registered. Now the Enforcement Directorate (ED) group will examine the matter completely. According to stories, FIR has registered a case of fraudulently misappropriating paperwork from PNB to the tune of 1 billion, 36 crore, 09 lakh rupees.

FIR lodged on DGM grievance:

ED has filed this FIR towards M / s Corporate Ispat Alloy Limited and 9 folks related to it. This was executed on the grievance of GDM Sumesh Kumar of Corporate Branch at 44 Park Street Kolkata, Punjab National Bank. In truth, a credit score facility of Rs 75 crore was permitted by PNB on 08 June 2018. That was, on the idea of the sanctioned restrict of Rs.three billion 29 crore to the accused. After this, together with the accused Manoj Kumar Jaiswal and different administrators and the guarantor of the corporate, the mortgage paperwork associated to the corporate got to the financial institution. The accused additionally made 1320 acres of land in Latehar district and movable property within the identify of the corporate with this quantity.

DGM grievance:

According to the grievance, on the idea of pretend paperwork, the accused arrived to take a mortgage at a department of PNB in ​​Kolkata and requested to arrange Chitarpur coal block improvement, coal processing and washery plant in Latehar.

Names of these concerned within the case:

  • M / s Corporate Ispat Alloy Limited, Pancha Talla, DN-23, Sector-5, Salt Lake City, Kolkata.

  • Manoj Kumar Jaiswal, Director, 246, Usha Sadan, PT, RSS Marg, Civil Lines Nagpur.

  • Ravindra Jaiswal, Director, M / s Corporate Ispat Alloy Limited

  • Siddharth Jaiswal, Director, M / s Corporate Ispat Alloy Limited

  • Abhishek Jaiswal alias Abhishek Manoj Kumar Jaiswal: the then Promoter Director, M / s Corporate Ispat Alloy Limited.

  • Prakash Jaiswal, the then Director, M / s Corporate Ispat Alloy Limited.

  • Dr. VS Garg, Director, M / s Corporate Ispat Alloy Limited

  • Rajendra Kumar Ghantara, Dr. VS Garg, the then Director, M / s Corporate Ispat Alloy.

  • MS Kapoor: The then director

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