Canara Bank ‘cheated’ of Rs 174,89 Cr: CBI searches premises of Punjab Basmati Rice Ltd in Amritsar
PTI, Jul 3, 2020, 2:05 PM IST
New Delhi: The CBI carried out searches on Thursday at the premises of Punjab Basmati Rice Limited and its directors, booked for allegedly cheating the Canara Bank to the tune of Rs 174.89 crore, officials said.
The searches took place at the premises of the company office and accused directors Kulwinder Singh Makhani, Jasmeet Kaur and Manjeet Singh Makhani in Punjab’s Amritsar, they said.
“It was alleged in the complaint that the accused had cheated the Canara Bank-led consortium comprising Andhra Bank, Union Bank of India, Oriental Bank of Commerce, IDBI Bank, UCO Bank to the tune of Rs 350.84 crore (including Rs 174.89 crore to the Canara Bank) by disposing off the stock and prime security without any prior intimation or approval from the consortium lender banks,” CBI Spokesperson RK Gaur said.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
New software for fast-tracking project approvals: Karnataka Minister Patil
In-flight passengers can access WiFi services only when allowed, say new rules
SEBI mulls separation of non-regulated activities; ‘cross-default’ definition for debenture trustees
Sensex plunges 942 points to settle at nearly 3-month low; RIL, HDFC Bank biggest drag
Equity investors become poorer by Rs 7.37 lakh crore during morning trade as markets tumble
MUST WATCH
Latest Additions
Stay Safe Online: Tips to avoid cyber fraud!
FIR against Sanjay Raut’s brother for remarks against Shiv Sena’s woman leader
Kodagu murder case accused escapes from police in Hyderabad
New software for fast-tracking project approvals: Karnataka Minister Patil
Karnataka Maritime Board announces plans for Mangaluru Water Metro Project
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.