SBI complains to CBI after Rs 411 crore loan defaulter flee country

News Network
May 9, 2020

New Delhi, May 9: Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday.

The CBI had recently booked the company engaged in export of Basmati rice to the West Asian and European countries and its directors Naresh Kumar, Suresh Kumar and Sangita on the basis of complaint from the State Bank of India (SBI), which suffered the loss of more than Rs 173 crore, they said.

The company had three rice milling plants, besides eight sorting and grading units in Karnal district with offices in Saudi Arabia and Dubai for trading purposes, the SBI complaint said.

Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, they said.

The Central Bureau of Investigation (CBI) did not carry out any searches in the matter because of the coronavirus-induced lockdown, the officials said.

The agency will start the process of summoning the accused, incase they do not join the investigation, appropriate legal action will be initiated, they said.

According to the complaint filed by SBI, the account had become non-performing asset (NPA) on January 27, 2016.

The banks conducted a joint inspection of properties in August and October, nearly 7-9 months later only to find Haryana Police security guards deployed there, they said.

"On inquiry, it has been come to notice that borrowers are absconding and have left the country," the complaint filed on February 25, 2020, after over a year of account becoming NPA, the officials said.

The complaint alleged that borrowers had removed entire machinery from old plant and fudged the balance sheets in order to unlawfully gain at the cost of banks'' funds, it said.

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News Network
November 27,2024

Mangaluru: A five-year-long pursuit of justice continues for several youths from Dakshina Kannada who fell victim to a fraudulent food delivery job scam in Kuwait. The victims, lured by promises of lucrative overseas employment, now find themselves entangled in legal battles and financial ruin.

In a recent development, the Enforcement Directorate (ED) summoned the victims to its Mangaluru office as part of the ongoing investigation. The case, which dates back to May 28, 2019, was initially registered at the Mangaluru North police station based on a complaint filed by Usman, a resident of Jalligudde. His brother, Aboobakkar Siddique, was among the 34 victims duped by Manikya Associates, a recruitment agency operated by Prasad Shetty.

According to the complaint, the victims were promised jobs as food delivery executives in Kuwait with a salary of ₹40,000 per month. “I paid ₹80,000 to the agent and ended up spending seven harrowing months in Kuwait without any salary,” shared a victim who now works in construction. Another victim, now employed as a driver, said, “I dreamt of working abroad to support my family. I even pledged jewelry to pay the fees, but it took me years to recover financially.”

The victims allege that they were left stranded in Kuwait in January 2019 after completing all formalities. With no jobs and mounting expenses, their ordeal lasted seven months. They were eventually repatriated with the help of Indian expats and the Embassy of India in Kuwait, just two months after the complaint was filed.

The ED investigation is reportedly progressing, and victims said they were assured that their payments to the agent would be refunded soon. An ED official confirmed that efforts to ensure justice are ongoing.

For these youths, the pain of shattered dreams and financial losses has lingered for years, with many still struggling to rebuild their lives. As they await justice, their plight serves as a cautionary tale about the perils of fraudulent recruitment schemes.

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News Network
November 25,2024

Udupi: Six junior artists from the prequel of Kannada blockbuster film ‘Kantara’ were injured, when the bus they were travelling in overturned in the district, police said on Monday.

According to police, the accident occurred near Jadkal on Sunday night when the mini-bus carrying the crew of the film overturned.

“The incident happened while they were returning to Kollur after completing the shoot at Mudoor in Jadkal. The mini-bus was carrying 20 junior artistes when it met with the accident,” a police officer said.

The injured were rushed to hospitals in Jadkal and Kundapur for treatment, they said.

The Kollur police are investigating the matter.

"The news making rounds is completely false. The Kantara: Chapter 1 team began shooting at 06:00 AM today, and everything is proceeding as normal. A minor accident occurred 20 kilometres away from the shooting location, involving a local bus carrying some members of the Kantara team. However, no injuries were reported," a source close to the production said.

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News Network
November 30,2024

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Aleppo: Dreaded Takfiri-terrorist groups reached Syria’s second city of Aleppo Friday, as they pressed a lightning offensive against forces of the Iranian and Russian-backed government.

The fighting is some of the deadliest in years, with 255 people killed, according to the Syrian Observatory for Human Rights. Most of the dead have been combatants but the toll also includes 24 civilians.

The offensive began on Wednesday, the same day that a fragile ceasefire took effect in neighboring Lebanon between Israel and Iran-backed militant group Hezbollah.

‘Zionist plot’

Iranian Parliament Speaker Mohammad Baqer Qalibaf has vowed to support Syria in its fight against terrorists after the resurgence of Takfiri terrorism in the Arab country. 

“The new movements of Takfiri-terrorist groups are part of the plot of the US and the illegitimate Zionist regime,” Qalibaf said on Friday in a post on his X account.

He urged the neighbors of Syria “to be vigilant and not to fall into their trap.”

“After defeating the Zionist regime, the Islamic Republic of Iran and the axis of resistance will support the Syrian government and people against the new conspiracy like in the past,” Qalibaf stressed.

Captured 50 towns

By Friday, the terrorists had wrested control of more than 50 towns and villages in the north, according to the Britain-based Observatory, in the government’s biggest loss of territory in years.

They then entered western districts of Aleppo, a city of some two million people that was Syria’s pre-war manufacturing hub.

“Hayat Tahrir Al-Sham (HTS) and allied factions... were able to enter the outskirts of the Al-Hamdaniya and New Aleppo neighborhoods... after carrying out twin suicide attacks with two booby-trapped cars,” the war monitor said.

HTS, a dreaded terror alliance led by Al-Qaeda’s former Syria branch, shelled a student residence in the city, killing four civilians, state media reported.

Syrian and Russian warplanes launched intense air strikes on the rebel enclave around Idlib, where the militants are based, carrying out 23 raids, according to the Observatory.

Army reinforcements have arrived in Aleppo, a Syrian security official told AFP, requesting anonymity to discuss sensitive matters.

An army statement said troops had repelled the assault on the city and retaken some positions.

The United Nations Office for the Coordination of Humanitarian Affairs said “more than 14,000 people — nearly half are children — have been displaced” by the violence.

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