Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
CBI books Assam-based Ghosh Brothers Automobiles in Rs.169-Cr bank fraud case
The Central Bureau of Investigation (CBI) has registered a case against Guwahati-based Ghosh Brothers Automobiles and its promoters and directors in an INR 169 crore bank fraud case. The agency has booked Pranab Kumar Ghosh, Pratul Kumar Ghosh, Gita Rani Ghosh and Prabir Kumar Ghosh, all promoters-Directors of Ghosh Brothers Automobiles. The CBI has also named Arunabha Chattopadhya, Chartered Accountant and unknown bank officials and private persons. The case has been registered on the basis of a complaint from IDBI Bank. In the complaint it was alleged that term loan and cash credit facility were sanctioned fraudulently to the private company based at Guwahati from IDBI Bank, for purchasing vehicles. The accused availed loan by submission of false documents and allegedly diverted the money for purposes other than for which the loan was sanctioned, and thereby caused loss to the bank.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.