The CBI has filed an FIR in opposition to Amrapali Biotech and its administrators over alleged fraud to the tune of Rs 47.97 crore in Punjab National Bank, officers mentioned in the present day.
The company has additionally booked Sunil Kumar, Sudhir Kumar Chaudhary, Ram Vivek Singh, Seema Kumari, Sunita Kumari on a grievance from Punjab National Bank, they mentioned.
The financial institution involved was initially Oriental Bank of Commerce which merged into Punjab National Bank with impact from April 1, 2020.
“It was alleged that mentioned personal firm and its administrators had misappropriated the mortgage quantity of Rs. 47.97 crore (roughly), which was sanctioned & disbursed for organising models for manufacturing of meals merchandise like jam, sauce, pickles, cornflakes and so forth. in Rajgir District- Nalanda & Navanagar, District Buxar (Bihar), with an ulterior motive to cheat the financial institution and embezzle the general public cash,” CBI spokesperson RC Joshi mentioned.
He mentioned an alleged loss to the tune of Rs 35.25 crore, other than curiosity on mortgage quantity, was brought on to the financial institution which is due from the date it was declared Non Performing Asset on July 1, 2016. “Searches had been carried out on the premises of the accused which led to restoration of some incriminating paperwork,” he mentioned.