loan fraud of Rs 21 crore in Bank of Baroda and Standard Chartered Bank, officials said. Surender Kumar, who was declared «proclaimed offender» by a special court in August last year, had allegedly transferred the loans to his two firms on the basis of a forged Letter of Credit (LC), they said.
He was involved in the diversion of funds in conspiracy with promoters of the borrower company during 2009-17, the agency alleged.
«The CBI had registered a case on 23.03.2021 on complaint of AGM, Stressed Asset Management Branch (SAMB), Bank of Baroda, alleging that Directors/Guarantors of a private company (borrower), the said private company and unknown public servants and private persons committed fraud during the period 2009-2017 to the tune of Rs 21.21 crore (approx) in the loan accounts of Bank of Baroda and Standard Chartered Bank,» a CBI spokesperson said.
The agency had filed a charge sheet against eight people, including Kumar, on December 12, 2022.
«Accused Surender Kumar neither joined investigation nor trial proceedings of the court… He was declared a proclaimed offender on 25.08.2023. Thereafter, a standing warrant was issued by the Ld. Court of Special Judicial Magistrate, CBI, Ghaziabad against him,» the spokesperson said.
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