CHANDIGARH: The Central Bureau of Investigation (CBI), Delhi, has booked a town businessman and his spouse for allegedly cheating a Sector 34-based financial institution of Rs nine.06 crore. A valuer of a private financial institution has additionally been booked in the case, but no arrest has been arrested in the case thus far.
The accused have been identified as Vikas Walia and his spouse Vernica Walia, who have been proprietors of Al Almond Jewels, Elante Mall, Phase-1, Industrial Area, and Ved Parkash, a financial institution valuer. CBI had registered a case at the grievance of the general manager of Canara Bank, Sector 34.
As according to the financial institution, the accused had included AL Anmol Jewels in wholesale and retail business of gold and diamond jewelry in partnership with two more individuals in 2014. As according to the grievance, the couple approached the financial institution and asked for mortgage facility viz a viz opening an Open Cash Credit Limit (OCC) to the level of Rs 15 crore in September 2014.
Considering their request, the financial institution sanctioned a cash credit of Rs 15 crore. Later, the financial institution released round Rs 6 crore in 2014 after mortgaging six in their homes, with an estimated value of Rs 8 crore. However, when financial institution tried to sell the homes to recover their dues, no bidder got here to shop for the homes.
As according to the FIR, right through the inner investigation of the financial institution, it was once revealed that they did not use the credit limit for business objective, but most effective transferred the cash in their own sister firms. Later, they financial institution officials made a grievance towards the couple and Ved Parkash, an empaneled valuer in the case.
After verifying the facts in the case, the CBI booked them beneath the other sections of IPC towards all three accused and began investigations.
Vikas Walia, his spouse Vernica and Ram Saran Walia who are aware of the complainant and his members of the family opened a jewelry store in a tenanted premise at Elante Mall beneath the identify of Al-Anmol Jewels. But because of non-payment of hire and dangerous business, the owner sealed the store with out letting them take out their valuable jewels in the store.
The accused have been identified as Vikas Walia and his spouse Vernica Walia, who have been proprietors of Al Almond Jewels, Elante Mall, Phase-1, Industrial Area, and Ved Parkash, a financial institution valuer. CBI had registered a case at the grievance of the general manager of Canara Bank, Sector 34.
As according to the financial institution, the accused had included AL Anmol Jewels in wholesale and retail business of gold and diamond jewelry in partnership with two more individuals in 2014. As according to the grievance, the couple approached the financial institution and asked for mortgage facility viz a viz opening an Open Cash Credit Limit (OCC) to the level of Rs 15 crore in September 2014.
Considering their request, the financial institution sanctioned a cash credit of Rs 15 crore. Later, the financial institution released round Rs 6 crore in 2014 after mortgaging six in their homes, with an estimated value of Rs 8 crore. However, when financial institution tried to sell the homes to recover their dues, no bidder got here to shop for the homes.
As according to the FIR, right through the inner investigation of the financial institution, it was once revealed that they did not use the credit limit for business objective, but most effective transferred the cash in their own sister firms. Later, they financial institution officials made a grievance towards the couple and Ved Parkash, an empaneled valuer in the case.
After verifying the facts in the case, the CBI booked them beneath the other sections of IPC towards all three accused and began investigations.
Vikas Walia, his spouse Vernica and Ram Saran Walia who are aware of the complainant and his members of the family opened a jewelry store in a tenanted premise at Elante Mall beneath the identify of Al-Anmol Jewels. But because of non-payment of hire and dangerous business, the owner sealed the store with out letting them take out their valuable jewels in the store.
CBI books bizman, wife for Rs 9cr bank fraud
![CBI books bizman, wife for Rs 9cr bank fraud]()
Reviewed by Kailash
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January 05, 2019
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