CBI Books Mumbai Firm in ₹93.44-Crore Bank Fraud Case
The Central Bureau of Investigation has registered a 93.44-crore-rupee bank fraud case against Mumbai-based Hanjer Biotech Energies, its directors and guarantors.
The case was registered on September 30 on a complaint from Punjab National Bank’s SAM branch in Mumbai. CBI teams searched multiple premises linked to the firm’s directors in Mumbai on Friday and seized bank and property documents.
The accused allegedly entered into a criminal conspiracy and obtained a term loan of 135 crore rupees using invoices from a related party. The funds were then allegedly diverted for purposes other than those sanctioned, causing a wrongful loss of about 93.44 crore rupees to the bank.
They have been booked for criminal conspiracy, cheating and offences under the Prevention of Corruption Act. Unknown public servants and private persons are also named as accused.
The CBI said the investigation is continuing to establish the full extent of the conspiracy and trace the end use of the diverted funds.
Related stories
View all →
Passenger gets Rs 1.06 lakh for COVID-era flight cancellation
A passenger won Rs 1.06 lakh compensation for a COVID-era flight cancellation. What the ruling means for old refund claims.
Kerala influencer booked under POCSO for assault on boy
Thrissur West police have booked a woman social media influencer under the POCSO Act over alleged assault of an 11-year-old boy.
Goa Police file unnatural death case in Nana Patekar death
Goa Police have registered an unnatural death case under Section 194 BNSS after Nana Patekar was brought dead to a Bambolim hospital.
Khabar 24h Editorial Desk — our explainers are prepared by the Khabar 24h editorial team using AI-assisted research tools, and every piece is reviewed by a human editor before publishing. We do not claim original reporting: our work is turning complex topics into simple, accurate summaries. Spotted an error? Write to contact@khabar24h.com — our corrections policy aims for same-day review.
More from this author →
Leave a Reply