CBI files case against firm for cheating bank
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Five Core Electronics Limited, others accused of cheating Union Bank of India of ₹51.92 crore.
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Five Core Electronics Limited, others accused of cheating Union Bank of India of ₹51.92 crore.
The Central Bureau of Investigation has registered a case against Five Core Electronics Limited and others for allegedly cheating the Union Bank of India of ₹51.92 crore.
Key accused are suspected to have left the country.
Amarjeet Singh Kalra, his father Surinder Singh Kalra, Jagjeet Kaur Kalra and Surinder Kaur Kalra have been named as accused in the First Information Report. The company was into manufacture of electronic valves and tubes, and export of electronics and electrical goods.
The Central Bureau of Investigation has registered a case against a Delhi-based firm and its directors for a bank fraud to the tune of Rs 52 crore. Officials in the agency said the accused fled the country in 2019.