Wednesday, May 10, 2017

CBI detains an absconding accused in Goa Airport

CBI detained a main in the Goa airport in connection with a line of credit bank fraud case and has obtained a 4 day transit remand.
The case dates back to 1997 when CBI has registered it on 12.11.1997 against 6 persons that included four bankers. The chargesheet was filed on 25.09.2000 once the investigation was complete before the special judge, Ahmedabad against 28 accused persons including 4 bankers. The amount involved in the case is Rs.3.77 crores.
Th Director of an Ahmedabad-based builder’s company (main accused in the case) had obtained credit for 31 cheques amounting to Rs 3.77 crore (approx) fraudulently. This has resulted in a loss of Rs 3.77 crore (approx) to the Bank of Baroda. The said absconding accused, then Director of Mumbai-based company and others had been instrumental in aiding the said main accused by issuing these cheques to him.
10/05/17 Sarath Babu/News Patrolling