Based on the complaint received from Canara Bank Deputy Manager DV Prasad Rao, the central investigative agency filed an FIR against company's directors Shivaji Panja, Kaustuv Ray, Vinay Bafna, vice-president (Finance) Debnath Paul along with unidentified bank officials. A bank official in Kolkata filed the complaint with the CBI. The accused company availed bank funds on the basis of false and fabricated stock/receivables/debtors statements. As per reports, the consortium of banks include Canara Bank, State Bank of India (SBI), fraud-hit Punjab National Bank (PNB) among others. Punjab National Bank, which is in the middle of the Rs 12,636 crore fraud involving diamond trader Nirav Modi, has Rs 70 crore exposure, banking sources said.
"The stock was not found available with the company", which "fraudulently and dishonestly" sold the stock hypothecated to the bank and the "same was not sufficiently secured by the bank", the FIR said.
Canara Bank claimed the company had also manipulated its balance sheets, resulting in a sharp decrease in the debt amount from Rs 821.68 crore as of March 31, 2013, to Rs 105.97 crore as of March 31, 2014.
The Letters of Credit (LC) opened by different banks on application of RP Infosystem began devolving from non-maintenance of funds.
The company has failed and neglected to pay the dues of the consortium banks; the loan accounts became irregular and classified as non-performing assets or NPAs.
Canara Bank has clarified that the complaint filed against RP Info Systems and its directors for allegedly cheating a consortium of banks, in which it is a member, is a revised one.
In February 2015, Panja had been arrested while returning from Dhaka with Banerjee. Panja and Roy were once known to be influential in West Bengal's political circles. The leader bank had already filed a case with the CBI in May 2015.
State-owned IDBI Bank today said it had lodged a complaint with CBI in January 2015 against RP Info Systems with regard to a fraud and the matter is under investigation.
The P20 Lite reportedly features an iPhone X-style notch, dual cameras, and a rear-mounted fingerprint sensor . Interestingly, Huawei recently released a teaser video that further teases the P20's three-lens camera setup.
Food and Drug Administration has already begun work on next season's vaccines, according to commissioner Scott Gottlieb . Higa said researchers are looking at a cell-based vaccine approach that could lead to a more effective flu shot .
Complicating the matter is the fact that the virus can remain commutable both in the air and on solid surfaces for two hours. Watchtower Educational Center , 100 Watchtower Drive, Patterson , NY, between 12:30 p.m. and 6:30 p.m. on February 19.
All three have been restricted from leaving South Korea, though their case will be expedited through the legal process. Police found Duncan and his wife Maja Duncan in the back seat of a hummer allegedly stolen near the Athlete's Village.
The rain will linger until this front and area of low pressure push further south, which we expect it to do overnight. A Flood Warning has been in effect since Monday for areas along the Ohio River. "You just do what you have to do".
He said there was still the potential for another 1.5 inches overnight into today , with flood stages being reached in many areas. Multiple sites in Rock County are offering free sand as flooding continues to impact low-lying areas throughout the area.
However, some states are not waiting for a vote on the bill and have passed net neutrality laws within their areas. Mike Doyle's (PA-14) resolution in the House of Representatives now has 150 co-sponsors.
Next, let's reveal how the Saviors escaped from the Sanctuary through the walker heard (and how Morgan gets away, too). The episode also included the return of the hazy future visions and Old Man Rick-except the visions came with a twist.
Ms Ardern laughed while answering "the 17th of June", to which Mr Wooley made a comment about the timing of the conception. Wooley's questions about her pregnancy appeared to make her and her partner, Clarke Gayford , rather uncomfortable.
The new chip would further improve the connection between the iPhone and headphones to make it more reliable. Apple is also reportedly working on a new tool and will introduce it with iOS 12 slated to launch this fall.
This season of " The Bachelor " is quickly coming to a close as hometown dates concluded after last week's episode . He famously told both of his finalists, Lauren Bushnell and future Bachelorette JoJo Fletcher, that he loved them .
Iraq in December declared victory over the IS, which had seized control of almost a third of the country in 2014. The Iraqi Criminal Court yesterday sentenced 15 Turkish women to death for belonging to Daesh.
Samsung has finally fixed the positioning of the fingerprint scanner, which is now positioned directly below the camera module. The S9 can flip between two apertures: opening up for 28 per cent more light in the dark and closing back up for bright shots.
The 22-year-old sporting polymath - she is also a fine windsurfer and has Tokyo 2020 on her mind - emphatically proved otherwise. Trapp, 29, started out in all five snowboarding disciplines but was encouraged by his coaches to choose freestyle or racing.
Which rebel groups are fighting in Syria's eastern Ghouta? Syrian state media said Ghouta insurgents shelled parts of Damascus . After three days of deliberation to come up with a ceasefire deal, the U.N.
Powered by a quad-core MediaTek 1.28GHz processor, the handset comes with a choice of 1GB and 2GB RAM and 16GB internal storage. So all the music lovers can rejoice their time by listening to various radio stations through this entry-level device.
That means neither candidate will get the party's seal of approval or extra campaign cash leading into the June primary. Feinstein is a popular figure among Democratic voters and has the money to run a successful election campaign.
The first (Can we pray, the last?) celebrity edition of " Big Brother " came to an end Sunday night and a victor was crowned. We started the night with only five celebrities left in stock, and in pretty short order we sold out of three of them.
Sky Sports News understands the Poland captain is keen to leave Bayern and his future could become clearer in the next fortnight. Moreover, Chelsea went out and signed Frenchman Olivier Giroud in the January transfer window from Arsenal.
He said, "We've kept in mind the workload and upcoming schedule while finalizing the team for Nidahas Trophy ". India announced as many as five changes as they brought in Deepak Hooda and Washington Sundar.
Wilson played baseball through college, spent some time in the minors and is a self-proclaimed Yankees fan. He was selected by Texas in the 2013 winter meeting draft and attended spring training with the Rangers .
Harvick overcame an early pit road issue to dominate the race and make amends for last season's penalty that cost him the race. I suppose it's easy for a fan to poo-poo a race when his or her driver falls off the lead lap and has no chance of winning.