Previously, as initially reported by TOI, CBI submitted a case to probe Rs 390 crore scams devoted with OBC by Karol Bagh based Dwarka Das Seth International diamond trader Sabhya Seth and partners. "CBI has often red-flagged rising cases of bank fraud and delay in identifying and reporting such frauds, which allows the borrowers to siphon off funds or flee before investigations are taken up".
The Central Bureau of Investigation (CBI) has filed a case against Delhi diamond exporter for an alleged banking fraud case of Rs 389.85 crore towards Oriental Bank of Commerce.
Sources say that CBI director Alok Kumar Verma has asked his officers not to sit on complaints on bank frauds and immediately register an FIR. The same day, the agency also filed a case against Inder Chand Chundawat, then Senior Branch Manager in the Punjab National Bank (PNB)'s Barmer office in Rajasthan, for abuse of his official position.
Using the same modus operandi like the one used by celebrity jeweller Nirav Modi and his uncle Mehul Choksi to get Letter of Credit (LoC) from PNB, the accused involved in the OBC fraud availed credit facilities to the tune of Rs 389.85 crore with the help of some bank officials.
In the first information report (FIR), the investigative agency named the firm, which is one of India's largest sugar makers, its chairman and managing director, chief executive officer, chief financial officer and directors for allegedly defrauding the bank.
It was further alleged that in addition to the existing NPA (March 31, 2015), the bank, under multiple banking arrangements sanctioned another corporate loan of Rs 110.00 crore to the sugar company on January 28, 2015, to pay its outstanding loan of Rs 97.85 crore. Jeweler Dwarkadas Seth has cheated Oriental Bank of Commerce.
Similarly, Bank of Maharashtra approached CBI to lodge a loan default complaint against Delhi businessman Amit Singla.
According to the FIR, OBC sanctioned a loan of Rs 148.60 crore to the company in 2011. When the bank sold it off to recover its dues, it fetched only Rs 73 lakh.
While the bank declared a fraud of Rs 97.85 crore, the actual loss incurred was Rs 109.08 crore, according to the FIR. The second loan was declared NPA (non-performing asset) on November 29, 2016, almost three weeks after demonetisation of Rs 1,000 and Rs 500 notes was announced.
Nadkarni said that he had removed a tumor that weighed 1.4 kg (3.08 pounds) from a patient at the KEM Hospital, Pune, in 2002. Pal's wife said that they approached three hospitals for help, but the doctors had all told them the tumor was inoperable.
Two Carsen Edwards free throws followed by a Carr's missed prayer at the buzzer sealed the game for the Boilermakers. Edwards and teammate Carsen Edwards are among the 20 finalists for the Wooden National Player of the Year Award.
One woman who says she was targeted by Ussery said that when she was first hired, friends told her, "Watch out for the president". In the fallout, Mark Cuban has fired the team's human resources director and Sneed . 'I got excited talking to Dr.
The Oreo update was supposed to arrive in February but it's still a chimera for the majority of regular users. LG is also guaranteeing security patches for the phones will be delivered within 90 days from each other .
If you are accessing this article on another domain, it was stolen and republished in violation of US & worldwide copyright law. Opus Point Partners Management Llc bought 5,742 shares as the company's stock declined 25.28% while stock markets rallied.
Apple also already reportedly has a subsequent model in the design stages for 2019, which would add water resistance. What does not appear to be planned are a pair of AirPods that block outside noise or fit in my tiny, tiny ear canals.
Omarosa Manigault Newman is adamant she's not one to sleep her way to the top - but others in the White House might be. The group of four, however, was more like two power couples, with Ross and Marissa being a tight pair.
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Mr Martin did not play for Miami after the bullying allegations became public, and retired from the sport through injury in 2015. Incognito, who is white, sometimes made jokes about slavery in the presence of Martin, who is Black, the report said.
What we learned from a dominant victory in Memphis
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Dropbox seeking to raise $500 million in stock market debut
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U.S. will not certify Iran nuclear deal: Pence
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International Mother Language Day
For PanSALB, a day is not enough to celebrate our diversity of languages, especially in a country that has 11 official languages. For students, it suggests - observe how many mother languages your fellow classmates can speak.