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CBI Registers Case Against Lucknow, Noida-based Private Companies, Conducts Searches
LUCKNOW || The Central Bureau of Investigation (CBI) has registered a case on a complaint from Bank of India against two private companies based at Lucknow/Noida (Uttar Pradesh), its Directors and unknown others on the allegations of committing misappropriation, cheating and causing loss of Rs 754.24 crore (approx.) to the consortium of banks.
It was alleged that the private company having its corporate office at Mahanagar, Lucknow was engaged in the construction of road, bridges and flyovers etc.
It was further alleged that the company availed credit facilities from a consortium of banks led by Bank of India from time to time. It was also alleged that the company was supposed to route all its transactions through Trust & Retention Account and the company was not doing the same. It was further alleged that there were irregularities in the financial statements of the company.
Searches were conducted on Monday at the premises of the accused/company at Noida and Lucknow which led to recovery of several incriminating documents, an official informed.
The investigation is continuing. Name of the accused was later revealed by the premier investigative agency as M/s Gangotri Enterprises Ltd and others including Directors Vinay Shankar Tiwari, Ajeet Pandey, Reeta Tiwari, M/s Royal Empire Marketing Pvt Ltd.