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CBI files case and visits premises of Indian Technometal Co
By IndianMandarins- 19 Mar 2021
1113New Delhi (19.03.2021): Indian Technometal Co and its directors as well as unknown public servants besides others have been hauled up in a case of defrauding and cheating a consortium of banks of ₹555.65 crores. The CBI has registered a case against all of them. According to vakilsearch.com, the company is driven by Aswini Sahoo, Vinay Sharma, and Rakesh Kumar Sharma. It was incorporated on 15 July 2009 in Delhi and its last AGM was held on 29 September 2012. The registration number of the company is 192248 and its Corporate Identification Number (CIN) is U27205DL2009PLC192248 having an Active status currently. According to a CBI press release, "it was alleged that the said private company through its Directors in conspiracy with others has defrauded a consortium of banks of Corporation Bank (Now Union Bank), State Bank of Hyderabad (now State Bank of India), Punjab National Bank, Punjab & Sindh Bank, UCO Bank, Syndicate Bank, Central Bank of India, Karur Vysya Bank and JM Financial ARC on the basis of misrepresentations/concealment of facts and false documents/information, thereby causing loss to the tune of Rs. 555.65 crore (approx.) to the said consortium of banks". The release added that its officials visited the premises of the accused/firm including those at Kangra (Himachal Pradesh) and recovered a number of interesting documents.
CBI files case and visits premises of Indian Technometal Co
By IndianMandarins - 2021-03-19 13:29:00
New Delhi (19.03.2021): Indian Technometal Co and its directors as well as unknown public servants besides others have been hauled up in a case of defrauding and cheating a consortium of banks of ₹555.65 crores. The CBI has registered a case against all of them.
According to vakilsearch.com, the company is driven by Aswini Sahoo, Vinay Sharma, and Rakesh Kumar Sharma. It was incorporated on 15 July 2009 in Delhi and its last AGM was held on 29 September 2012. The registration number of the company is 192248 and its Corporate Identification Number (CIN) is U27205DL2009PLC192248 having an Active status currently.
According to a CBI press release, "it was alleged that the said private company through its Directors in conspiracy with others has defrauded a consortium of banks of Corporation Bank (Now Union Bank), State Bank of Hyderabad (now State Bank of India), Punjab National Bank, Punjab & Sindh Bank, UCO Bank, Syndicate Bank, Central Bank of India, Karur Vysya Bank and JM Financial ARC on the basis of misrepresentations/concealment of facts and false documents/information, thereby causing loss to the tune of Rs. 555.65 crore (approx.) to the said consortium of banks".
The release added that its officials visited the premises of the accused/firm including those at Kangra (Himachal Pradesh) and recovered a number of interesting documents.
