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New Delhi: The CBI has filed an FIR against the Pune-based builder KJ Infrastructure Projects India Pvt Ltd and its directors have been arrested in connection with an alleged bank fraud of over Rs 91 crore, officials said on Thursday. This action was initiated on the complaint of Union Bank of India against the company.
central bureau of investigation (CBI) has named directors Kalyan J Jadhav, Kalyan Eknath Kakade, Santosh Sambhaji Dhumal and Amol Maruti Pegude, another company Wing Infrastructure Engineering Pvt Ltd and Vinod Kalyan Jadhav in the case.
The bank has alleged that the company and its promoters have taken advantage of the credit facilities by inflating the stock-books, loan details and financial statements with inflated figures or by inflating the sales, income and profits to extract exorbitant amounts from the bank. raised. the agency said in a statement.
The CBI alleged that the accused transferred the proceeds to the accounts of related and associated companies without end use, resulting in an alleged loss of Rs 91.92 crore to the bank.
“And searches were conducted at various places around Pune A large quantity of incriminating documents, hard disks, electronic gadgets etc. were recovered from the premises of the accused in the district.
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