Categorical Information Provider
NEW DELHI: The CBI has booked best executives of Chandigarh-based Parabolic Medicine Ltd for allegedly defrauding a consortium led through the Central Financial institution of India of Rs 1626.74 crore, officers mentioned Friday.
But even so the corporate’s Managing Director Pranav Gupta, the highest company has booked corporate administrators Vineet Gupta, Deepali Gupta, Rama Gupta, Jagjit Singh Chahal, Sanjeev Kumar, Vandana Singla, Ishrat Gill, and its Guarantors TN Goyal and Nirmal Bansal, and one JD Gupta, an legitimate mentioned.
Following the registration of an FIR, the CBI on Friday performed searches at 12 places in Chandigarh, Panchkula, Ludhiana, Faridabad and Delhi on the workplace and home premises of the accused, CBI Spokesperson RC Joshi mentioned.
The raids resulted within the restoration of incriminating paperwork, articles, and Rs 1.58 crore in money, he mentioned.
In keeping with the legitimate, the personal corporate was once engaged within the production of substances and allegedly defrauded the consortium of banks via prison conspiracy and forgery, and funnelled loans.
CBI spokesperson RC Joshi mentioned that the company registered a case at the criticism won from the Central Financial institution of India and different member banks in opposition to a Chandigarh-based non-public corporate and its managing director, administrators, guarantors and unknown public servants. The company had allegedly defrauded the banks to the track of Rs 1626.74 crore.
The accused non-public corporate was once engaged within the production of substances and duped the consortium of banks via prison conspiracy and forgery
The accused of the case are M/S Parabolic Medicine Restricted, Pranav Gupta (MD), Vineet Gupta (director), Deepali Gupta (director), Rama Gupta (director), Jagjit Singh Chahal (director), Vandana Singla (director), Ishrat Gill (director), JD Gupta, TN Goyal, Nirmal Bansal, some unknown public servants and personal individuals.