<p>The CBI has registered a case against a private company, Ram Dev International Ltd., and its directors for allegedly cheating State Bank of India to the tune of Rs 173 crore, officials said on Friday.</p>.<p>The case against the company based in Rohini locality of the national capital and its Directors -- Naresh Kumar, Suresh Kumar and Sangita -- were registered on a complaint received from State Bank of India, Karnal branch, they said.</p>.<p><strong><a href="https://www.deccanherald.com/national/coronavirus-live-updates-india-sees-lowest-daily-growth-rate-tally-crosses-26k-concerns-mount-over-maharashtra-827545.html" target="_blank">For latest updates and live news on coronavirus, click here</a></strong></p>.<p>The directors allegedly cheated the bank by way of unauthorised removal of plant and machinery from the factory premises which were hypothecated to the bank.</p>.<p>The directors also allegedly showed disbursement of loan from the bank as a capital infusion via circular movement of fund transfers, availed EPC disbursements against same security/ proforma invoices, submitted fake proforma invoices and showed non-existent entities as debtors, CBI spokesperson R K Gaur said. </p>
<p>The CBI has registered a case against a private company, Ram Dev International Ltd., and its directors for allegedly cheating State Bank of India to the tune of Rs 173 crore, officials said on Friday.</p>.<p>The case against the company based in Rohini locality of the national capital and its Directors -- Naresh Kumar, Suresh Kumar and Sangita -- were registered on a complaint received from State Bank of India, Karnal branch, they said.</p>.<p><strong><a href="https://www.deccanherald.com/national/coronavirus-live-updates-india-sees-lowest-daily-growth-rate-tally-crosses-26k-concerns-mount-over-maharashtra-827545.html" target="_blank">For latest updates and live news on coronavirus, click here</a></strong></p>.<p>The directors allegedly cheated the bank by way of unauthorised removal of plant and machinery from the factory premises which were hypothecated to the bank.</p>.<p>The directors also allegedly showed disbursement of loan from the bank as a capital infusion via circular movement of fund transfers, availed EPC disbursements against same security/ proforma invoices, submitted fake proforma invoices and showed non-existent entities as debtors, CBI spokesperson R K Gaur said. </p>