Mumbai, 13th April 2022: The Central Bureau of Investigation has registered a case on complaint from IDBI Bank Ltd., Colaba, Mumbai, against a private company having its manufacturing units at Dewas, (MP); Jhagadia Industrial Estate, Bharuch (Gujarat) & Registered office at Mumbai (Maharashtra) and 14 others including its Promoters/Directors and Unknown Public Servants& Private Persons.
It has been further alleged that the said private company was engaged in the business of manufacturing of High Value Fine Cotton fabrics & Home Textiles. It was further alleged that the said company and its Promoters/Directors in conspiracy with others committed fraud by availing various credit/ loan facilities from a consortium of banks led by IDBI Bank Ltd. and misusing/ diverting the bank funds during the period 2012 to 2018, and thereby caused loss of Rs. 1245.15 Crores (approx) to the banks. The complaint was filed by the IDBI Bank Ltd. and also on behalf of 04 other member banks of the consortium, namely, Central Bank of India, The Jammu & Kashmir Bank Ltd., Punjab National Bank and Indian Bank.
Searches were conducted today at 13 locations including in Maharashtra, Gujarat and West Bengal at the premises of the accused which led to recovery of incriminating documents.
Name of the accused:-
S. Kumars Nationwide Limited (SKNL), having its manufacturing units at Dewas (MP); Jhagadia Industrial Estate, Bharuch (Gujarat) & Registered office at Mumbai (Maharashtra) and its Promoters/ Directors/Private persons namely, (2) Nitin Sambhu Kumar Kasliwal, (3) Vijay Goverdhandas Kalantri, (4) Anil Kumar Channa, (5) Rajinder Krishan Garg, (6) Jagadeesh Sanjeeva Shetty, (7) Dara Dinshaw Avari, (8) Suresh Narasappa Talwar, (9) Navin Sambtani, (10) Pradeep Kariyattu Bhaskaran Kumar, (11) Yogesh Himatlal Patel, (12) Uday Jayavanth Kamath, (13) Vanraj Vinodchandra Shah, (14) Haresh Milyomal Israni (15) Sunil Kumar Jain and Unknown Public Servant & Unknown Private Persons.