The police has registered a case against several top officials of Simbhaoli Sugar, including its chairman and managing director, chief executive and chief financial officer, some unknown bank officials, and other private persons.
The bank said it had sanctioned a loan of Rs 148.60 crore to the company in 2011, under an RBI scheme for financing individual/joint liability groups (JLG)/self help groups (SHG)/of 5,762 sugarcane farmers, supplying sugar produce to the company between January 25 and March 13, 2012. This resulted in outstanding loan of Rs. 97.85 crore (as alleged fraud) and fresh corporate loan of Rs 109.08 crore.
Once again, like Dwarka Das scams, CBI did not act upon OBC's problem for 3 months in Simbhaoli's scams although the bank approached the main company asking to sign up a case on November 17, 2017. According to the FIR lodged by the CBI, there are two loans which are under investigation and both of them are from the same bank, the Oriental Bank of Commerce-Rs 97.85 crore loan which was declared in 2015, and a corporate loan of Rs 110 crore which was used to repay the previous loan.
On May 13, 2015, the bank declared it as loan fraud of Rs 97.85 crore to the Reserve Bank of India.
It turned out that Simbhaoli issued improper KYC certificates in the names of farmers. It is alleged that the funds so raised were fraudulently diverted by the company for its needs. This way, OBC claimed, Simbhaoli Sugars has misappropriated the money lent by it and "there is clear cut division of funds".
Sony Xperia XZ2 design changes confirmed with new leak
With its modern design, the front side of the XZ2 will offer a larger screen-to-body ratio than any previous Xperia phone. Sony is expected to announce Xperia XZ2 and Xperia XZ2 Compact at the upcoming Mobile World Congress (MWC) in Barcelona.
The OBC adjusted the total liability of Rs 112,94,99,471 of the company on June 30, 2016 by way of deposit of this new corporate loan.
In March 2015, the loan amount of Rs 148.59 crore to Simbhaoli Sugars was declared as a non-performing asset (NPA) and a fraud in May 2015 for an outstanding amount of Rs 97.85 crore.
OBC alleged that in addition to the existing NPA, the bank, under multiple banking arrangements, sanctioned another corporate loan of Rs 110 crore to the company on January 28, 2015 to pay its outstanding loan of Rs 97.85 crore.
During his career, he preached in person to an estimated 215 million people in 185 countries and territories worldwide. Members of the public can sign a book set inside North Carolina's old Capitol building to remember the late Rev.
Last weekend President Trump chided McMaster on twitter for not saying the election results were not impacted by the russians. A Defense Department official said McMaster is aware of the political sensitivities involved in a possible transition.
A version of the infringing video cited by CNN remained accessible on "War Room's" YouTube channel as of Friday afternoon. When you violate YouTube's Community Guidelines, the offending content is taken down and you're issued a strike .
Mr Li gave a video statement to Germany's Car Symposium, an annual automotive congress attended by senior industry leaders. The deal, which is yet to be approved by Chinese regulators, has boosted Geely's existing overseas investment portfolio.
However, the Weather Service cautioned that there remains some uncertainty in the exact location and timing of the heaviest snow. KSTP Chief Meteorologist Dave Dahl said 4 to 8 inches of snow is expected in the Twin Cities. 6 to 9 inches of snow is possible.
If the series ends in a draw then the Kiwis would be ahead of England and will get the fourth spot and the cash prize with them. He was harsh on Yuzvendra Chahal in particular who found it hard to grip the wet ball and conceded 64 runs off his four overs.
Last season, they were fighting to be champions and we were not fighting to be top four and it can [still] be a big game'. Chelsea will have the chance to make up those three points this Sunday when they visit Manchester United at Old Trafford.
The Rockets survived their own poor perimeter shooting in the first half thanks to their proficiency at the line. Andrew Wiggins paced Minnesota with 21 points while Jeff Teague added 18 points, four assists and two steals.
Moncler invited designers like Valentino's Pierpaolo Piccioli to basically reinterpret the puffer jacket, and they delivered. The idea behind Genius is to offer new products continually to consumers with the aim of appealing to diverse consumers.
Notley lifts ban on BC wine imports in Alberta
While the panel works, the ministry has proposed a ban on any increase in heavy crude shipments. Horgan denied B.C.is backing down, saying the intention is to have cooler heads prevail.
List and Lovemark lead in Florida with Tiger in touch
Swede Alex Noren, who had shared the first round lead with Simpson, shot a four-over 75 to join Woods' group of 10 at 141. He finished with a 1-over par 71. "This is a hard golf course right now", Woods told reporters after Friday's round.
Girl Scouts will operate cookie booths this Weekend
Now, thanks to the flavor geniuses at Dunkin' Donuts , you can soon enjoy your favorite cookie flavors elsewhere: in your coffee. Many people have bought cookies and donated them to the military, which makes Charity Joy, well, joyful.
Kansas City Chiefs trading CB Marcus Peters to LA Rams
The Chiefs will be trading the two-time Pro Bowler to the Rams barring any unforeseen setbacks, according to ESPN's Adam Schefter. Los Angeles also has the option to pick up the fifth-year option on his rookie deal that is worth $9.5 million by May 3.
United Nations vote on Syria ceasefire pushed to Saturday
This is the only thing I can say", said Bilal Abu Salah, 22, whose wife is five months pregnant with their first child in Douma. Damascus and Moscow say they only target militants, and that they aim to prevent rebels from firing mortars at the capital.
FluMist spray vaccine is OK next season — CDC panel
It's been off the USA market since then, although it is still used in other countries, including Canada and the European Union. They must be reformulated every year for the upcoming influenza season. "None of us knows what is going to happen", she said.
23 more flu deaths reported in SC
There was a 94 per cent jump in the province from mid-January to mid-February with nearly 1,100 new cases. Department of Health and Human Services says 200 people in the state have died from the flu this season.