The Central Bureau of Investigation (CBI) announced on Tuesday that it has filed a case against Guwahati-based Ghosh Brothers Automobiles and its promoters and directors in a Rs 168 crore bank fraud case.
As per reports, the case was initially reported as fraud by a team of IDBI lead by Brijesh Kumar Singh posted in the Recovery Department at Guwahati.
Ghosh Brothers Automobiles promoter-directors Pranab Ghosh, Pratul Ghosh, Gita Rani Ghosh, and Prabir Kumar Ghosh, as well as chartered accountant Arunabha Chattopadhya, have been named as defendants. Unknown bank officials are being investigated as well.
A term loan and a cash credit facility are said to have been granted to a private company based in Betkuchi, Guwahati, for the purpose of purchasing vehicles. The accused obtained the loans by falsifying documents. They diverted the funds raised, resulting in a loss for the bank.
According to the official, the case was opened in response to a complaint from IDBI Bank for causing a loss of Rs 168.62 crore.
"It was further alleged that the accused availed loan by submission of false documents and also the accused indulged in diversion of money for the purpose other than for which the loan was sanctioned, and thereby caused loss of Rs 168.62 crore as on January 31, 2021 to the bank," he said.
According to the CBI, the outstanding balance as of June 1 was 153.38 crore, and the account had become a non-performing asset due to non-payment of dues.
The FIR filed against Ghosh Brothers Automobiles states,
"A written complaint dated July 15, 2020, of SM Dr Foliar Raman Sand, General Manager, IDBI Bank Ltd (Bank) Kolkata, Flat No 12/6, 6th floor, Block-C, Sunny Apartment, 6 Sunny Park, Bakgaunge, Kolkota, Pin-700019 was addressed to CBI, HOZ Securities and Fraud Zone (BS&F Zone) New Delhi. The complaint was forwarded by Ashok Kumar Supdt of Police Bank Complaint Cell New Delhi to HOB CBI Guwahati branch vide letter no. CBl ID No.5600/BCC/2020/E/0440 dated 30/12/2020, and the copy thereof is enclosed herewith.
The allegations mentioned in the complaint disclose the commission of cognizable offences punishable u/s 1206, 409, 420,467,468,471, 477A IPC and Sec 13 (2) r/w 13 (1) (d) of PC Act on the part of (1) Shri Pranab Kumar Ghosh, (2) Shri Pratul Kumar Ghosh, (3) Smt. Gita Rani Ghosh, all are Promoter-Director of (4). M/s Glosh Brothers Automobiles (A unit of Ghosh Brothers Electronics Pvt. Ltd) having registered office at P-35, Bock-B, Lake Town, Kolkata, WEI-7000139 and Branch office at N.1-1 37, Betkuchi, Guwahati-781034 (5) Shri. Anunabha Chattopadhyay, Chartered Accountant, and Proprietor of 14/s A. Chattopadhyay and Associates 74, Purbachal Road- North, Beside When Road, Kolkota 700078 and Unknown Bank officials & Private persons which resulted in loss to the IDBI bank amounting to Rs 168.62 Crores..
Hence, a regular case is registered against (1) Shri Pranab Kumar Ghosh, (2) Shri Pratul Kumar Ghosh, (3) Smt. Gita Rani Ghosh, (4) M/s Ghosh Brothers Automobiles (A unit of Ghosh Brothers Electronics Pvt. Ltd) having registered office at P-35, Block-B, Lake Town, Kolkata, W6-700089 and Branch office at N.H 37, Betkuchi, Guwahati-781034 (5) Shri Arunabha Chattopadhyay, Chartered Accountant, and Unknown Bank officials & private persons u/s 1206 r/w 409, 420,467.468,471, 477A 1PC and Sec 13 (2) r/w 13 (1) (d) of PC Act, 1988 and entrusted to SM Etju Shamir*, Inspector CBI, ACB, Guwahati for investigation."
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