The Central Bureau of Investigation (CBI) has registered FIR against Surya Vinayak Industries ltd (SVIl), a Delhi-based perfume manufacturing company for siphoning off a whopping amount of Rs 926.71 crore to their personal bank accounts from various banks in the garb of taking loan for setting up business.
Sixteen directors of the company committed the fraud by taking loans from 12 banks, including Central Bank of India, Bank of Baroda, Bank of India, Canara Bank and others, by representing they had genuine dealings with suppliers that were later on found to be fictitious. Certain bank officials were also mentioned as accused.
The complaint was registered with the probe agency by the Central Bank of India on behalf of 12 other banks.
According to a complaint registered by Central Bank of India, after certain examinations and inspections, the bank gave them a loan of Rs 10 crore. However, the company requested for more money to an extent of Rs 158 crore which was provided by the bank.
Similarly, other banks such as State Bank of Bikaner & Jaipur — 52.14 crore, State Bank of Travancore — 103.9 crore, Syndicate Bank — 28.05 crore, UCO Bank — 100.04 crore, Bank Of India — 134.37 crore, State bank Of Mysore — 91.02 core, Corporation Bank — 104.06 crore, Bank of Baroda 100 crore, Exim Bank — 103.47 crore, State bank of Hyderabad — 63.05 crore and Canara Bank — 62.90, were also fooled by the company.
The company did not route its sales proceeds through consortium banks with fraudulent intention of diverting the funds from the banking channel and availed the loans against false and fabricated invoices.
The FIR was registered last week imposing 120-B (Criminal conspiracy), 420 (Cheating), 467(, forgery of valuable security), 468(forgery for the purpose of cheating) 471((forged document as genuine) of Indian Penal Code (IPC), along with certain sections of Prevention of Corruption Act 1988.
There are total 16 accused including, Surya Vinayak industries limited (SVIl), Sanjay Jain, director, SVIl, Rohit Chaudhary, whole time director, SVIl, Rajiv Jain, vice chairman, SVIl, Ramesh Kumar Sareen, director SVIl, Sanjeev Agarwal, whole tie director, SVIl, Kamal Kishor Gupta, director, SVIl, Sateesh Jain, whole time director, SVIl, Rajeev Jain, whole time director, SVIl, Somesh Kumar Jain, director, SVIl, Kamal Kant Sharma, director, SVIl, Manmohan Garg, director, SVIl, Sudhindra Kumar Jain, director, SVIl, Anil Juneja, director, SVIl, Surya Vinayak Hospitalities Pvt ltd, and some unknown bank officials.