It was further alleged that the accused had diverted huge amounts of money from the borrower company to its related parties & subsidiaries and subsequently, these advances were written-off by the company. It was also alleged that the company had entered into fictitious sales & purchase transactions in order to inflate its turnover. Further, to avail credit facilities from the lender banks, the work-in-progress was allegedly inflated and a huge amount of Vender Liability was directly adjusted against Customer Account without having any supporting document for the same.