CBI Interviewed Vinay Polymers and Premier Ispat Owner – Bank Fraud Case: CBI Interviewed Vinay Polymers and Premier Ispat Owner

{“_id”: “60bf0b79bf4504270c4e4b5c”, “slug”: “cbi-questioned-vinay-polymers-and-owners-of-premier-ispat”, “type”: “story”, “status”: “publish”, ” title_hn “:” u092c u0948 u0902 u0915 u092b u094d u0930 u0949 u0921 u092e u093e u092e u0932 u093e: u0935 u093f u092e u092 u092 u092e. u092e u092 u092e u0940 u092e u0930 u094d u0938 u0914 u0930 u092a u094d u0930 u0940 u092e u093f u092f u0930 u0907 u0938 u092e u2 u094 u092e u0932 u093f u0915 u094b u0902 u0938 u0947 u092a u0942 u091b u0924 u093e u091b u0915 u0930 u0947 u0940 u092c u “category, {“title”: “City & States”, “title_hn”: ” u0936 u0939 u0930 u0914 u0930 u0930 u093e u091c u094d u092f”, “slug”: “City-and-States”} }

Newsroom, Amar Ujala, Kanpur

Published by: Shikha Pandey
Updated Tue 08 June 2021 11:49 AM IST

abstract

The bank claims that the directors of Vinay Polymers, Gayatri Devi Kanodia, Vinay Kanodia, Chandra Narayan Malviya and MD Brijesh Kanodia siphoned off the amount of Rs 22.65 crore through forged documents. The company’s accounts continued to become NPAs as the company expanded its activities elsewhere.

CBI
– Photo: Social Media

epaper

Read Amar Ujala’s e-paper

hear the news

hear the news

CBI officials reached Kanpur on Monday to interrogate businessmen on bank fraud cases involving Vinay Polymers and Premier Steel Companies. The managing directors of the two were fired and summoned to a hotel in the city. Bank related documents were collected.CBI officials will also investigate and interrogate on Tuesday. PK Sahu, deputy general manager of the Bank of Baroda, filed a complaint with the CBI about three months ago against Vinay Polymers, a company based in Birhana Road. The bank claims that the directors of Vinay Polymers, Gayatri Devi Kanodia, Vinay Kanodia, Chandra Narayan Malviya and MD Brijesh Kanodia siphoned off the amount of Rs 22.65 crore through forged documents.

The company’s accounts continued to become NPAs as the company expanded its activities elsewhere. The loan amount was used for other purposes. Much of the company’s work was only recorded in documents, while the associated work was not actually carried out.

Fake bills of lading were imposed to increase the bank’s credit limit. The corporate guarantor of Simon Plast Private Limited is also involved in the fraud. On Monday, the CBI called the directors and the MD to a hotel in town. The company is said to come on Tuesday.

The second case concerns the Jain brothers of Prime Minister Ispat. They are also charged with fraud of around 25 billion rupees. Sources indicate that the company used the loan amount for other purposes. Fake bills were put on the bank. An FIR was registered against them in early 2021.

Detailed

CBI officials reached Kanpur on Monday to interrogate businessmen on bank fraud cases involving Vinay Polymers and Premier Steel Companies. The managing directors of the two were fired and summoned to a hotel in the city. Bank related documents were collected.

CBI officials will also investigate and interrogate on Tuesday. PK Sahu, deputy general manager of the Bank of Baroda, filed a complaint with the CBI about three months ago against Vinay Polymers, a company based in Birhana Road. The bank claims that the directors of Vinay Polymers, Gayatri Devi Kanodia, Vinay Kanodia, Chandra Narayan Malviya and MD Brijesh Kanodia siphoned off the amount of Rs 22.65 crore through forged documents.

The company’s accounts continued to become NPAs as the company expanded its activities elsewhere. The loan amount was used for other purposes. Much of the company’s work was only recorded in documents, while the associated work was not actually carried out.

Fake bills of lading were imposed to increase the bank’s credit limit. The corporate guarantor of Simon Plast Private Limited is also involved in the fraud. On Monday, the CBI called the directors and the MD to a hotel in town. The company is said to come on Tuesday.

The second case concerns the Jain brothers of Prime Minister Ispat. They are also charged with fraud of around 25 billion rupees. Sources indicate that the company used the loan amount for other purposes. Fake bills were put on the bank. An FIR was registered against them in early 2021.

    .

( News Source – Amar Ujala )

Be the first to comment

Leave a Reply