CBI carries out searches in a bank fraud case of Rs 184 crore


New Delhi: The CBI today carried out searches at 10 locations in a multi-city operation after registering a case against a general manager of IDBI Bank and seven others for allegedly cheating Union Bank of India to the tune of Rs 184 crore.

The agency has registered the case on the complaint of Union Bank of India against private individuals Ashish Jhunjhunwala, Naveen Gupta, Ayush Lohia, Lalit Mohan Chatterjee, Bimal K Jhunjhunwala, who were all directors of Ramsarup Industries limited.

The then independent directors of the company including Debashish Sarkar, presently General Manager of IDBI Bank, former executive director Vijaya Bank Mohammed Shahid and retired IAS officer Murari Lal have also been booked by the CBI.

“They allegedly cheated UBI, Kolkata to the tune of Rs 184.43 crore through the loan amount of Ramsarup Utpadak (Unit-II) of M/s Ramsarup Industries Ltd by diverting a sum of Rs 130.95 crore to a group company M/s RAV Dravya Pvt Ltd,”

CBI spokesperson R K Gaur said.

The searches were spread across Kolkata, Gurgaon, Jamshedpur, Nagpur and Kanpur.