The Central Bureau of Investigation (CBI) books Ghosh Brothers on Tuesday. That it has opened a case against Ghosh Brothers Automobiles. And said that its founders and directors are in connection with a Rs 168 crore bank scam.
The CBI has arrested Pranab Kumar Ghosh, Pratul Kumar Ghosh, Gita Rani Ghosh, and Prabir Kumar Ghosh. All of them are promoter-directors of Ghosh Brothers Automobiles. Apart from the founders and directors, the CBI has charged Arunabha Chattopadhyay, a chartered accountant, as well as unidentified bank executives and private individuals.
According to the official. IDBI Bank registers a case for incurring a loss of Rs 168.62 crore.
CBI books Ghosh Brothers Automobiles in bank fraud case
He said that the complaint claimed that a term loan and cash credit facility of Rs 64.67 crore were illegally sanctioned to a private firm situated in Guwahati by IDBI Bank, Guwahati Branch for the purpose of acquiring automobiles.
“It was further claimed that the accused obtained a loan by submitting fake papers and also engaged in money diversion for purposes other than that for which the loan was sanctioned. So, resulting in a loss to the bank of Rs 168.62 crore as of January 31, 2021,” he added.
He said that as of July 1, 2020, the outstanding amount was Rs 153.38 crore. So, the problem arise when the dues not paid to the bank.