CBI books Faridabad-based company for ₹236.74-crore bank fraud

It was initially into textile products and later diversified into various other sectors.
The CBI has booked Faridabad-based Richa Industries Limited and 11 others for allegedly cheating the Indian Overseas Bank (IOB) and the erstwhile Corporation Bank of ₹236.74 crore. Several bank officials are also under the scanner.
Among those named in the FIR are Sandeep Gupta, Lavesh Kansal, Prabhakar Kotakote, Abhay Bansal, Nitin Agarwal, Manish Gupta, Bhawana Singhal, Sushil Gupta, Sonia Tahiliani, Jai Prakash Malhotra and Neeraj Bajaj.
The company was initially into textile products and later diversified into various other sectors. It took credit facilities under multi-lender arrangement over a period of time. However, due to non repayment of dues, the account was classified as non-performing asset (NPA) by both the banks in July-December 2017. However, they were reported as fraud to the Reserve Bank of India in April-August this year.

Related Keywords

India ,Nitin Agarwal ,Sonia Tahiliani ,Manish Gupta ,Prakash Malhotra ,Abhay Bansal ,Prabhakar Kotakote ,Sandeep Gupta ,Bhawana Singhal ,Lavesh Kansal ,Neeraj Bajaj ,Sushil Gupta ,Indian Overseas Bank ,Corporation Bank ,Richa Industries ,Faridabad Based Richa Industries Limited ,Jai Prakash Malhotra ,Reserve Bank ,இந்தியா ,நிடின் அகர்வால் ,மனிஷ் குப்தா ,பிரகாஷ் மல்ஹோத்ரா ,சந்தீப் குப்தா ,பாவன சிங்கால் ,லவேஷ் கன்சால் ,நீரஜ் பஜாஜ் ,சுஷில் குப்தா ,இந்தியன் ஓவர்‌ஸீஸ் வங்கி ,நிறுவனம் வங்கி ,ரிச்சா தொழில்கள் ,பரிதாபத் அடிப்படையிலானது ரிச்சா தொழில்கள் வரையறுக்கப்பட்டவை ,ஜெய் பிரகாஷ் மல்ஹோத்ரா ,இருப்பு வங்கி ,