CBI files case against Gujarat-based Jaihind Projects Ltd for bank loan fraud
On February 19, 2009, the bank approved Non-Fund Based (NFB) credit facilities worth Rs 178.55 crore for the Jafrabad pipeline project, also under GSPL.
On February 19, 2009, the bank approved Non-Fund Based (NFB) credit facilities worth Rs 178.55 crore for the Jafrabad pipeline project, also under GSPL.
The statement quoting case records said “Paresh Kumar Das, Circle Head, Punjab National Bank, Bhubaneswar registered a complaint against accused Kali Prasad Mishra
The complainant Prasant Kumar Mohapatra was shell-shocked to find fraud committed against his mortgaged properties as loan recovery notice was served to him.
The two accused were arrested under the Prevention of Money Laundering Act (PMLA) and have now been remanded to ED custody.
