JOIN USThe CBI is investigating a Bengaluru firm along with two other companies in connection with a suspected cheating of Bank of India to the tune of Rs 15.84 crore.
Earlier this week, the agency had filed a case against Jamshedpur-based Famica Press Industries Pvt Ltd, its two directors Jairam Singh and Rakesh Singh, Kolkata-based Pratham Deal Mark Pvt Ltd, Bengaluru-based Sunmas Machine Tools Pvt Ltd and unknown others.
According to the CBI, the accused entered into a conspiracy during 2013 to 2015 to cheat the bank by getting sanctioned loans to the tune of Rs 15.84 crore and misappropriating around Rs 6.90 crore by diverting it for purposes other than what was mentioned for getting the loan.
"The entire loan became NPA (non-performing asset) and the accused persons caused wrongful loss to the tune of Rs 1,584.95 lakh to Bank of India, Telko Branch, Jamshedpur," the FIR said.
The bank had sanctioned a loan to Famicia Press Industries, which is engaged in manufacturing and machining sheet metal auto components as an ancilliary of Tata Motors Ltd and TML Drive Line Ltd.
It disbursed Rs 4.90 crore to Sunmas in four instalments, while Rs 2 crore was given to Pratham Deal Mark by debiting the term loan account of Famica.
However, the FIR said, more than three and half years have passed since the disbursement was made to the suppliers (Sunmas and Pratham), but they have not supplied the machinery or Famica has returned the money.
During a probe, it came to light that Pratham Deal Mark was not dealing at all in machineries and were into real estate business.
The FIR said this itself showed the "mala-fide"" intention of the borrower.
"Further five quotations purported to be submitted by the second supplier Sunmas Machine Tools Pvt Ltd, Bengaluru bear the same date.
The said supplier also could not effect supply of machineries till date. Thus the borrowers and supplier entered in criminal conspiracy and in furtherance of that conspiracy diverted the loan amount for their own use," the FIR said.