New Delhi, January 23, 2020: The Central Bureau of Investigation has registered a case against a private company based at Saket, New Delhi; its Directors; unknown Public Servants and others u/s 120-B read with 420, 468 & 471 of IPC and Under Section 13(2)read with Section 13(1)(d) of PC Act, 1988 (as amended in 2018) on the complaint from State Bank of India on behalf of a consortium of banks.
It was alleged that the said company availed credit facilities to the tune of Rs.732 crore(approx) and cheated the complainant bank and other consortium banks by way of forgery & using forged documents as genuine. An alleged loss of Rs.819.48 crore(approx) as on 01.04.2018 was caused to the banks.
The consortium banks consisted of 10 banks namely State Bank of India, Indian Overseas Bank, Oriental Bank of Commerce, Exim Bank, Bank of India, IDBI Bank, Bank of Maharashtra, CSB Bank, Vijaya Bank (now Bank of Baroda) & UCO Bank.
Searches have been conducted today at the residence of the accused in Delhi which led to the recovery of incriminating documents.
The investigation is continuing.
Names of the accused:
i) M/s Radikal Foods Limited, Saket, New Delhi
ii) Siddharth Chaudhary, Director, M/s Radikal Foods Limited
iii) Anju Chaudhary, Director, M/s Radikal Foods Limited
iv) Unknown Public Servants
v) Unknown others