CBI books Rohtak oil mill, partners for Rs 20 crore fraud with bank

The CBI has registered a case against a Rohtak-based oil mill, three of its partners and several others for cheating, criminal conspiracy and abuse of official position and causing a loss of Rs 20.66 crore to Bank of Baroda in Hisar.

Yogendra Singh Saini, Bank AGM and Regional Head, Hisar, lodged a complaint that Shri Banke Bihari Oil Mills, a borrower firm registered in Meham, through its partners Shakuntala Devi, Vipul Singla and Sonam Bansal, along with unknown officials and private persons cheated the bank of Rs 20.66 crore. The complaint was filed on June 13 and the CBI registered the FIR on July 19 in Delhi.

The firm initially enjoyed a credit facility of Rs 17.98 crore with HDFC Bank and later the account was taken over by the BoB which sanctioned a credit facility of Rs 22.96. The audit report in July last year revealed that bank funds had been diverted. The bank also conducted an investigation and found lapses by 11 bank officials against whom internal disciplinary proceedings were underway.

This article has been republished from The Tribune.