The CBI has booked an Ahmedabad-based firm for fraudulently availing credit facilities from Bank of Baroda to the tune of Rs 35 crores.
The firm, Hanuman Industries and its partners Bharat Sonpal and Manoj Sonpal besides advocate Udayan Trivedi have been named as accused in the case for criminal conspiracy, cheating and violations of Prevention of Corruption Act.
The firm availed credit facilities to the tune of Rs 20 crore from Syndicate Bank before 2012 and the loan account was subsequently taken over by Bank of Baroda and the credit amount rose to Rs 35 crore against the existing limit of Rs 20 crore as the firm allegedly submitted false title clearance of the factory land in Amreli on the basis of false title clearance certificate.
The firm and the partners mortgaged the total land of the factory premises measuring 8,701 sq m by providing false title clearance and fraudulently availed credit facilities.
The firm deals in processing and export of agricultural products like sesame seeds, groundnuts and raw cotton.