Searches Conducted In Bank Fraud Case Against 28 Accused Including Directors & Promoters Of Various Private Companies
FinTech BizNews Service
Mumbai, June 15, 2024: CBI has taken over a bank fraud case against 28 accused including directors & promoters of various private companies related to loan default of about Rs5717 crore and conducts searches, as per the press release issued by the CBI.
CBI has, in compliance of the directions of Hon’ble Allahabad High Court, registered a case on 12.06.2024 u/s 120-B r/w 420, 467, 468, 471,474,476,506,507,511 IPC, taking over investigation of FIR No. 115/2021 dated 26.09.2021 of Police Station Zafrabad, Jaunpur (U.P.) against following 28 accused persons:
1 Shri Anil Mahabir Gupta, Director, M/s SKS Power Generation (Chhattisgarh) Limited,
2 Shri Abhaya Kumar Sahoo, M/s SKS Power Generation (Chhattisgarh) Limited,
3 Shri Ashok Kumar Sahoo, M/s SKS Power Generation (Chhattisgarh) Limited,
4 Shri Mahabir Prasad Gupta, M/s SKS Power Generation (Chhattisgarh) Limited,
5 Shri Deepak Gupta, M/s SKS Power Generation (Chhattisgarh) Limited,
6 Shri Anish Anil Gupta, Director, M/s SKS Ispat and Power Limited, Mumbai
7 Smt. Premlata Gupta, Director, M/s Shree Krishna Structures Private Limited, Raipur
8 Shri Pritam Beria, Chartered Accountant.
9 Shri Kandasamy Subburaj, Director, M/s. Cethar Limited
10 Shri Sandeep Kumar Gupta, Director Labheshwari Agencies Limited
11 Shri Hans Nath Yadav, Director Labheshwari Agencies Limited
12 Promoters & Directors M/s SKS Power Generation (Chhattisgarh) Limited, Mumbai.
13 Promoters & Directors M/s SKS Ispat and Power Limited, Mumbai.
14 Promoters & Directors M/s Riverview Securities Private Limited, Kolkata.
15 Promoters & Directors M/s Ranbhumi Securities Private Limited, Kolkata.
16 Promoters & Directors M/s Evernew Securities Private Limited,
17 Promoters & Directors M/s Acacia Suppliers Private Limited, Kolkata.
18 Promoters & Directors M/s Labheshwari Agencies Limited, Kolkata.
19 Promoters & Directors M/s Shree Krishna Structures Private Limited.
20 Promoters & Directors M/s Citywings Agencies Private Limited, Kolkata.
21 Promoters & Directors M/s North West Coal Co. Limited, Kolkata.
22 Promoters & Directors M/s Sugouri Distributors Private Limited, Kolkata.
23 Promoters & Directors M/s Gabarial Dealers Private Limited, Kolkata.
24 Promoters & Directors M/s Cethar Limited, Tiruchirappalli.
25 Promoters & Directors M/s Ambition Commosales Private Limited, Kolkata.
26 Promoters & Directors M/s Compact Agencies Private Limited, Kolkata.
27 Shri Rohit Parashar, Chief Manager, State Bank of India.
28 Branch Manager, State Bank of India, Civil Lines, Jaunpur.
It has been alleged that M/s. SKS Power Generation (Chhattisgarh) Limited promoted by M/s. SKS Ispat & Power Ltd. (SKSIPL) engaged in the business of generation & distribution of electricity, availed loans to the tune of Rs. 6170 crore from State Bank of India (SBI), M/s. L&T Infrastructure Finance Limited, M/s. PTC India Finance Limited and State Bank of Bikaner & Jaipur and did not repay the dues to the Banks / FIs and accordingly the account with a default of around Rs. 5717 crore (approx.) was put to auction and settled at around Rs. 2000 crore in favour of M/s. Entwickeln India Energy Private Limited. It has been also alleged that M/s. Entwickeln India Energy Private Limited and M/s. SKS Ispat & Power Limited were registered at the same address and in 2019, M/s. Entwickeln India Energy Pvt. Ltd. merged into M/s. SKS Ispat and Power Ltd. indicating unauthorized actions.
It has been further alleged that the accused persons in criminal conspiracy among themselves caused wilful diversion / round tripping of funds through bogus share transactions with the aid of dummy / shell companies with mala fide intention of gaining wrongfully and also that significant loan amount was allegedly transferred to British Virgin Islands and British Overseas Territories of Bermuda through fictitious companies.
Searches are being conducted at 14 places at Mumbai, Kolkata, Raipur, Bhubaneswar, Trichy which have resulted in seizure of incriminating documents and materials.
Investigation is continuing.
