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Bank fraud: ED files prosecution complaint against two Delhi-based oil firm promoters

The Directorate of Enforcement filed a prosecution complaint against Padam Singhee, Prem Singhee, and others for bank fraud involving shell companies and fictitious transactions. Investments not related to bank loans purposes were made.

Delhi , India , Padam-singhee , Prem-singhee , Max-tech-oil-gas-services-pvt-ltd , Punjab-national-bank , Central-bureau-of-investigation , Oil-gas-energy , Special-court , Money-laundering-act , Central-bureau , Energy-limited