A Rohtak based firm booked for Rs. 176 Cr. bank fraud

A case is being registered by the Central Bureau of Investigation, (CBI) on the complaint from the main branch of Canara Bank, Rohtak, against the directors of a Rohtak based firm and also against nany unknown persons and public servants on the allegation of fraud with Canara Bank of Rs.176.28 crores.

It has been alleged that the firm has defrauded the consortium of Canara bank and State bank of India by misrepresentation and diversity the funds and disposing of the mortgaged property without the consent of the consortium of the two banks.

The private firm was incorporated on December 27,1968 as a private limited company and was converted into a public limited company on August 20, 1971.

CBI in a press statement said that search were conducted at five places and which led to the recovery of incriminating documents.

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