PNB fraud: Three More Cases Registered over Rs. 120 Cr


PNB fraud: Three More Cases Registered

MK Digital Line
The Central Bureau of Investigation has registered three cases against 22 persons, including companies, for causing loss of over ₹120 Cr to the Punjab National Bank (PNB)

Two cases have been registered against Linkson International, Linkson Ispat and Energies Private Limited, associated companies and their directors

The PNB had taken over the loan portfolios of Linkson International from State Bank of Indore and that of Linkson Ispat and Energies Private Limited in August 2007

However, due to alleged non-payment of dues, both the accounts were declared non-performing assets in 2014, causing a total loss of more than ₹90 crore

The CBI has booked top functionaries of the two companies, besides Lyra Housing and Finance Limited, Trimurty Commercial P Limited and Linkson Coal & Minerals P Limited, according to the FIRs.

In another case, the agency has booked Global Trading Solutions Limited (Bhubaneswar), its managing director Abhinash Mohanty, former directors Kaushik Mohanty and Anshuman Samantaray, and director Bidhubhusan Nayak

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