The Central Bureau of Investigation has registered a case against a private company based at Una (Himachal Pradesh) & its Directors and unknown others. It was alleged that the Directors of said private company entered into a conspiracy among themselves and others during the year 2017-2018 and in pursuant thereof obtained a Credit facility in the form of Term Loan of Rs. 9.85 Crore (approx) from UCO Bank, Mandi for construction of showroom, purchase of plant & machinery and other allied items. It was further alleged that the said accused instead of creating the said assets, cheated the bank and siphoned off/diverted the funds to the other accounts maintained with other banks under the control of the said borrowers.
Searches were conducted at 4 places belongings to the said accused & company in Una, Kangra etc which led to recovery of incriminating documents.
Investigation is continuing.
Picture Source :
