City sizzles as Met dept extends heatwave alert
After sizzling at the highest day temperatures today, citizens of south Bengal, including Kolkata could face harsher days with the probability of temperature going up in the next few days.
CBI has registered a fresh bank scam FIR in which a Kolkata branch of Canara Bank and nine other banks have been cheated of Rs 515.15 crore by directors and vice-president of a Kolkata firm in conspiracy with bank officials.
Besides Canara Bank, the nine other bank-members of the consortium cheated in the case are State Bank of India, State Bank of Bikaner and Jaipur, Union Bank of India, Allahabad Bank, Oriental Bank of Commerce, Central Bank of India, Punjab National Bank, State Bank of Patiala and Federal Bank.
The case has been registered under various IPC sections of cheating and conspiracy and Prevention of Corruption Act yesterday on a complaint from the deputy general manager, Canara Bank (21, Camac Street, Kolkata), Mr D V Prasad Rao. The Canara Bank was authorised to lodge the complaint.
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The complaint has identified Shivaji Panja, Kaustav Ray and Vinay Bafna (Directors), and Debnath Pal (Vice-President Finance) of R P Info Systems Limited as having cheated the banks through the borrowal accounts of the firm in conspiracy with the bank officials.
These accused availed of the funds through false and fabricated Stock/Receivables/Debtors statements and forged drawing power letters.
In acts from 2012 onwards, the borrower company did not route the sale proceeds through the loan account and siphoned off the entire amount.
The borrowing company inflated its receivables also. Some of the debtors like Gail India Limited, Vincent Electronics (Rourkela) and CEAT Limited had informed SBI that they had no dealings with the borrowing company.
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