The CBI has registered a case against a Delhi-based company for allegedly cheating the Development Bank of Singapore to the tune of Rs122 crore and carried out searches on Saturday.
The agency has registered the case against Surya Vinayak Hospitalities Pvt limited and directors of Surya Vinayak Industries — Sanjay Jain, Rohit Choudhary, Sanjeev Agarwal, Rajeev Jain and Kamal Kant Sharma. The CBI has so far registered six cases against the promoters and directors of the company.
It is alleged that they had cheated the bank of approximately Rs122.49 crore between 2007 and 2012.
“It was also alleged that the company was in the business of manufacturing of perfumery compounds and trading of agro-commodities.
“The directors of the said company arranged firms and companies to show bogus sale and purchase of agro commodities and perfumery compounds,” CBI Spokesperson RK Gaur said.
It may be noted that the company had also cheated the consortium member banks for a total amount of Rs2,240 crore.