The CBI has booked UK-based firm Molinare Limited and its Indian directors for cheating the Bank of India’s London branch to the tune of `192.48 crore.
The agency also conducted searches at two locations in the national capital at the premises of the accused after registering a case on a complaint from Bank of India against the borrower company and others including Managing Director Prabodh Kumar Tewari, Directors/Guarantors Abhishek Tewari and Anand Tewari and unknown public servants for causing an alleged loss of `192.48 crore to the public sector lender.
“The accused private company was said to have been engaged in activities relating to post production services in entertainment and media industry. It was alleged in the complaint that the said accused had cheated the Bank of India by submitting fabricated / inflated / bogus invoices without having any genuine business transactions for availing the loan funds and thereafter diverting the same, the CBI said in a statement.