JAMMU, Jan 25: The Central Bureau of Investigations (CBI) today conducted raids at four locations in Haryana, Punjab and Kathua district of Jammu region involving Rs 8.32 crore fraud committed by the businessmen with Punjab National Bank (PNB) branch of Kathua.
The raids that started this morning concluded in the evening and large number of documents pertaining to loan frauds by the businessmen from Haryana and Punjab were recovered.
Official sources told the Excelsior that the CBI teams conducted raids at the house of Kush Aggarwal son of Ram Avtar Aggarwal at Adarsh Nagar in Bhiwani district of Haryana and his rented accommodation at Ward No. 13 Sawan Chak in Hatli Morh area of Kathua, house of Onkar Singh at Jaura in Dasuha area of Punjab’s Hoshiarpur district and Toplon Industries Private Limited Kathua located at Industrial Area, Hatli Morh in Kathua.
Four separate teams of the CBI conducted simultaneous raids at four locations in Haryana, Punjab and Jammu and Kashmir in connection with Rs 8.32 crore worth scam committed by the businessmen with the Punjab National Bank branch of Kathua.
“Initially, the CBI received a complaint from the PNB officials of loan fraud committed by the Directors of M/s Toplon Industries Private Limited Kathua. The CBI investigated the case and prima facie it was found that the fraud has been committed. Based on investigations, the raids were conducted today,” they said.
As per the sources, no arrests have been made so far but the businessmen would be called for questioning.
“Unknown public servants have also been mentioned in the First Information Report (FIR) registered by the CBI,” sources said, adding the Bank officials would be questioned and depending on their role, if established, they will be booked.
Sources said during searches at residential premises of the Directors and the Industry certain vital documents pertaining to loan fraud and electronic gadgets have been recovered.
“The seized documents and electronic gadgets will be scrutinized,” they said.
Though the Bank officials will be examined and their role will be investigated, sources said, the loan fraud was also first detected by the Bank officials and reported to the Central Bureau of Investigations.
The Regular Case (FIR) was registered based on the report of the PNB officials. However, role of the Bank officials at the helm of affairs will come up under extensive scrutiny.
CBI raids in Punjab, Haryana, Jammu in Rs 8.32 cr PNB loan fraud