Monday, June 21, 2021
Home News Reports CBI registers case against Kolkata's RP Infosystems for Rs 515.15 crore loan fraud

CBI registers case against Kolkata’s RP Infosystems for Rs 515.15 crore loan fraud

In another bank fraud case after the PNB scam, the Central Bureau of Investigation today lodged a case against Kolkata based RP Infosystems and three of its directors for an alleged Bank Fraud of Rs 515.15 crores. The company was known for producing the ‘Chirag’ brand of personal computers.

Republic TV has reported that the CBI has also brought charges against a consortium of 17 leading PSU Banks including SBI, PNB, Union Bank of India, Oriental Bank of Commerce and Canara Bank. According to reports, the case has been registered under section 120B (criminal conspiracy), 420 (cheating), 468 and 471 of the Indian Penal Code. The charges also include criminal misconduct by a public servant.

The accused, as per reports, procured the 515.15 crore loans from Canara Bank on the basis of forged documents and fake debtor’s stock papers and later willfully defaulted on the loan by diverting the funds. Letters of Credit were issued by different members of the PSU banks consortium since 2012.

The names of the three directors of the RP Infosystems are Shivaji Panja, Kaustuv Ray and Vinay Bafna. It is notable here that the accused directors of RP Infosystems have another CBI case against them pertaining to loan fraud complaint by IDBI bank. The bank had alleged then that the three directors had availed loan on the basis of forged papers and caused a loss of 180 crores to the bank.

In June 2015, CBI had conducted raids on six properties including offices and residences of the accused. One of the accused Shivaji Panja has alleged links with Trinamool Congress. In February 2015, Panja was detained at Dumdum airport by the police while returning from Dhaka as part of the West Bengal CM Mamata Banerjee’s entourage. That time too, Panja had been arrested on charges of obtaining an 18 crore financial assistance from IFCI Factors Ltd, a government-run finance institution on the basis of forged documents.

Panja allegedly had very close links with Mamata Banerjee. He was appointed a member of a task force by the Department of Information and Culture by the TMC government. He was also made a member of the tele-academy set up by the CM. He was also convenor of the Kolkata International Film Festival and was in-charge of the CM’s painting exhibitions.

Though Mamata Banerjee and TMC leaders had denied any links with Panja, further investigations are expected to reveal more details.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

‘Degenerate’ Imran Khan does it again, blames women for rising sexual violence in Pakistan

Pakistan PM Imran Khan held women's clothes responsible for the sexual violence committed against them

India secures milestone in Coronavirus vaccination drive, administers over 82 lakh doses in a single day: Details

CoWIN app showed that Madhya Pradesh administered a whopping 13,71,180 lakh vaccine doses alone on Monday.

Sister Lucy was dismissed from Church by the Vatican for writing poems, driving a car: Read the startling claims made

The Vatican was also miffed after Sister Lucy wrote a memoir, hinting at sexual abuse with the Church clergy.

Calcutta High Court rejects Mamata Banerjee govt plea, NHRC to investigate post-poll violence in state

West Bengal government had applied to the court to recall the order passed by the court while hearing a bunch of PILs alleging assault including sexual abuse during post-poll violence in the state.

Amarnath Yatra cancelled amid Chinese coronavirus pandemic, devotees can do darshan online

The Amarnath Yatra, holy pilgrimage for Hindus, has often been a target of terror attacks in the past.

International Yoga Day: How ‘a way of life’ argument is used to peddle ‘Yoga is not Hindu’ propaganda

On International Yoga Day, motivated individuals attempted to appropriate Yoga and disassociate it from Hinduism.

Recently Popular

Who is Vishal Jood? An Indian national arrested for taking on Khalistani extremists in Australia

Vishal Jood, the 24 yar old from Haryana, has been languishing in a jail in the down in the country for two months now.

Republic TV issues statement over Arnab Goswami’s disappearance from the news network: Here is what they said

Arnab Goswami was last seen on May 2 during a discussion on West Bengal assembly polls. He will make a return on Monday.

Kerala madarsa teacher preaches “kill the ones who leave Islam” while taking online lecture for class 12 students

Kerala madarsa teacher caught encouraging class 12 students to take to violence against those who quits Islam as religion.

OBC benefits for Muslims: How WB Police’s recruitment drive has exposed how parties found a way to make religious reservations

The drive was meant to fill vacancies in the OBC-A category in the state. The list showed that apart from one or two individuals, all of them were Muslims.

BBC removes distorted map of India from Delta variant report after uproar on social media

BBC published wrong map of India while talking about a story on the origin of Delta variant of Chinese coronavirus
- Advertisement -

 

Connect with us

255,564FansLike
555,099FollowersFollow
24,400SubscribersSubscribe