CBI files case against Shakti Bhog Foods, MD/Guarantor, Directors, public servants
New Delhi: CBI has filed a case against Delhi-based Shakti Bhog Foods Limited, its Managing Director Kewal Krishna Kumar, directors Sunanda Kumar and Siddharth Kumar and unknown public servants on allegations of a bank fraud over Rs 3,269 crores.
Based on a complaint filed by the State Bank of India (SBI), CBI conducted searches at eight locations in Delhi, at the official and residential premises of the accused, which led to the recovery of various incriminating documents as part of an ongoing probe.
SBI and other consortium member banks have accused Shakti Bhog of criminal conspiracy, cheating, forgery of valuable security and forgery for the purpose of cheating. Banks have claimed that Shakti Bhog s top officials siphoned off public money by falsifying accounts and forging documents.
CBI charges Shakti Bhog in Rs 3,269 cr bank fraud case
CBI charges Shakti Bhog in Rs 3,269 cr bank fraud case
Last Updated: Sat, Jan 2nd, 2021, 20:13:38hrs
New Delhi: The Central Bureau of Investigation (CBI) has registered a case against Delhi-based Shakti Bhog Foods Limited for an alleged fraud of over Rs 3,269 crore on a consortium of banks led by the State Bank of India, an official said on Saturday.
The agency has booked the managing director of the company, other directors and unknown public servants for causing an alleged loss of Rs 3269.42 crore to the SBI and other consortium member banks.
CBI Charges Shakti Bhog Foods In Rs 3,269 Crore Alleged Bank Fraud Case CBI Charges Shakti Bhog Foods In Rs 3,269 Crore Alleged Bank Fraud Case On a complaint from the SBI, the agency has charged the managing director of the company, Kewal Krishan Kumar, and other directors Siddhrath Kumar and Sunanda Kumar.
CBI has charged Shakti Bhog Foods for an alleged bank fraud of Rs 3,269 crore
New Delhi:
The CBI has charged Delhi-based Shakti Bhog Foods Limited for an alleged fraud of Rs 3,269 crore on a consortium of 10 banks led by the State Bank of India (SBI), officials said on Friday.
CBI Books Delhi-based Shakti Bhog Foods in Rs 3,269 Crore Bank Fraud Case
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The CBI has booked Delhi-based Shakti Bhog Foods Limited for an alleged fraud of Rs 3,269 crore on a consortium of 10 banks led by the State Bank of India (SBI), officials said on Friday. On a complaint from the SBI, the agency has booked the managing director of the company, Kewal Krishan Kumar, and other directors Siddharth Kumar and Sunanda Kumar, they added. According to the SBI complaint, the directors allegedly falsified accounts and forged documents to siphon off public funds. The 24-year-old company, which is into manufacturing and selling wheat, flour, rice, biscuits, cookies etc., had grown organically as it ventured into food-related diversification over a decade with a turnover growth of Rs 1,411 crore in 2008 to Rs 6,000 crore in 2014, the bank said.
The CBI has booked Delhi-based Shakti Bhog Foods Limited for an alleged fraud of Rs 3,269 crore on a consortium of 10 banks led by the State Bank of India (SBI), officials said on Friday. On a complaint from the SBI, the agency has booked the managing director of the company, Kewal Krishan Kumar, and other directors Siddhrath Kumar and Sunanda Kumar, they added. According to the SBI complaint, the directors allegedly falsified accounts and forged documents to siphon off public funds. The 24-year-old company, which is into manufacturing and selling wheat, flour, rice, biscuits, cookies etc., had grown organically as it ventured into food-related diversification over a decade with a turnover growth of Rs 1,411 crore in 2008 to Rs 6,000 crore in 2014, the bank said.