Logo

Logo

Canara bank fraud case: Tollywood connection likely

The CBI probing the enduse of Rs 515.15 crore siphoned off from Canara bank allegedly by directors of RP Infosystems…

Canara bank fraud case: Tollywood connection likely

Representational image (Photo: Twitter)

The CBI probing the enduse of Rs 515.15 crore siphoned off from Canara bank allegedly by directors of RP Infosystems Shivaji Panja and Kaustav Ray arrested in connection with the bank fraud, has reportedly found Tollywood connection in alleged embezzlement, a reliable source in the CBI said.

A source in the agency said one of the accused Kaustav Ray, who has allegedly produced several Bengali films has had connection with several top figures in the Bengali film industry.

And preliminary investigation suggests money siphoned off from the Public sector Canara bank might have found its way in the industry.

Advertisement

Though the probe is still in the primary stage, said the source, a grilling by putting them face to face is not ruled out.

The source also claimed that names of two actresses are doing the rounds though it is too early to throw light on the issue at this stage.

In 2012, the two directors of RP Infosystems allegedly had siphoned off cash worth Rs 515 crore from a consortium of 17 public sector banks including the Camac Street branch of Canara bank by counterfeiting signature.

The alleged fraud came to notice close on the heels of PNB fraud case involving diamantaire Nirav Modi and his uncle Mehul Choksy.

However, the CBI only got cracking on the case once the Canara bank lodged a formal complaint with the CBI superintendent of police on 27 February.

According to the Central agency, Panja was earlier arrested on charges of another fraud case by the Delhi police as soon as he landed at the NSC Bose International airport three years back.

Advertisement