GUWAHATI: The Assam Police Bureau of Investigation (Economic Offences) (BIEO) arrested 5 individuals of a real property company right here on Tuesday on fees of duping the Punjab National Bank (PNB) of more than Rs 1.5 crore. The arrests got here at a time when the nationwide bank is already mired in deep controversy following the unraveling of the Nirav Modi rip-off.
The arrested individuals, identified as Phanidhar Talukdar, Amarendra Kalita, Banwari Lal Pareekh, Saroj Sarma and Sailendra Roy, have been sent to three-day police custody. The BIEO registered a case following a complaint by means of an legitimate of the PNB, Zoo Road department alleging that Pareek and another person, in connivance with the builders of the development company, had defrauded the bank.
"PNB sanctioned two loans in 2016, amounting to Rs 83 lakh and Rs 75 lakh to Pareekh in January and June respectively, for the purchase of apartments. Though agreement of sale was made and also a tripartite agreement was executed between the real estate group, Pareek and the bank, no sale deed has been submitted so far. The accused were also avoiding mortgaging their property," resources stated.
PNB is already in troubled waters after the Rs 12,600-crore rip-off surfaced where billionaire diamantaire Nirav Modi and his uncle Mehul Choksi allegedly bought fraudulent letters of enterprise (LoU) from a department in Mumbai to protected overseas credit from different Indian lenders. The probe published that Choksi and Modi got LoUs and Foreign Letters of Credit (FLCs) amounting to Rs 12,636 crore, issued in favour of overseas branches of Indian banks. In case of default, the bank issuing the LoU has to pay the liability to the credit-giving bank together with hobby.
The arrested individuals, identified as Phanidhar Talukdar, Amarendra Kalita, Banwari Lal Pareekh, Saroj Sarma and Sailendra Roy, have been sent to three-day police custody. The BIEO registered a case following a complaint by means of an legitimate of the PNB, Zoo Road department alleging that Pareek and another person, in connivance with the builders of the development company, had defrauded the bank.
"PNB sanctioned two loans in 2016, amounting to Rs 83 lakh and Rs 75 lakh to Pareekh in January and June respectively, for the purchase of apartments. Though agreement of sale was made and also a tripartite agreement was executed between the real estate group, Pareek and the bank, no sale deed has been submitted so far. The accused were also avoiding mortgaging their property," resources stated.
PNB is already in troubled waters after the Rs 12,600-crore rip-off surfaced where billionaire diamantaire Nirav Modi and his uncle Mehul Choksi allegedly bought fraudulent letters of enterprise (LoU) from a department in Mumbai to protected overseas credit from different Indian lenders. The probe published that Choksi and Modi got LoUs and Foreign Letters of Credit (FLCs) amounting to Rs 12,636 crore, issued in favour of overseas branches of Indian banks. In case of default, the bank issuing the LoU has to pay the liability to the credit-giving bank together with hobby.
5 arrested for duping PNB of Rs 1.5 crore
![5 arrested for duping PNB of Rs 1.5 crore]()
Reviewed by Kailash
on
March 07, 2018
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