CBI registers FIR in 190-crore financial institution fraud case, raids 3 Delhi-NCR areas


Tribune News Service

New Delhi, July 24

The Central Bureau of Investigation (CBI) on Friday mentioned it has registered a case in opposition to two NCR-based metal and steel firms on a mortgage fraud grievance by Bank of Baroda and has performed searches at three areas in Noida and Delhi.

According to official spokesperson of the company, the CBI sleuths performed searches after registering an FIR in opposition to Shri Sidhdata Ispat Pvt. Ltd., Govardhan Industries Pvt. Ltd., Shri Sidhdata Steel Tubes, Sudershan Tubes and others on a grievance by Bank of Baroda.

“It was alleged in the complaint that the accused cheated Bank of Baroda to the tune of Rs 190.76 crore (excluding interest) by way of availing various credit facilities, on the basis of submitting fake documents to the bank…,” the CBI spokesperson mentioned.

It was additionally alleged that they diverted the funds fraudulently for the aim apart from they had been sanctioned for, he added.

“Searches have been conducted today at two places in Noida (UP) and one place in Delhi which led to recovery of incriminating documents/material,” the spokesperson mentioned.



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