Thursday, October 29, 2020
No menu items!

CBI Books Hanung Toys, Its Directors For “Cheating” Consortium Of Banks

Must Read

Porn Star Ron Jeremy Charged With Seven More Sex Crimes

LOS ANGELES: Porn star Ron Jeremy was charged on Wednesday with an extra seven counts of rape and...

Closely Monitoring Progress Of Small Businesses: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman referred to as MSMEs the expansion engine of the nationNew Delhi: Finance Minister Nirmala...

2020 U.S. Presidential election to be most expensive in historical past, expected to cost $14 billion

Democratic presidential nominee Joe Biden will be the primary candidate in historical past to increase $1 billion from...


CBI Books Hanung Toys, Its Directors For 'Cheating' Consortium Of Banks

CBI has booked Hanung Toys and Textiles Limited together with its administrators.

New Delhi:

The CBI has booked Hanung Toys and Textiles Limited, together with its administrators Ashok Kumar Bansal and Anju Bansal, for allegedly dishonest a consortium of 12 banks to the tune of over Rs 2,040 crore, officers mentioned on Tuesday.

In November final yr, authorities on the Delhi airport had detained debt-ridden Hanung Toys’ promoter Ashok Kumar Bansal and his spouse Anju Bansal, following a lookout round issued by the Punjab National Bank (PNB).

In the grievance filed on behalf of all of the 12 banks, which is now a part of the CBI FIR, the PNB alleged that the administrators of the corporate indulged in prison breach of belief, fraud, siphoning and diversion of funds, prison misappropriation and dishonest amongst others.

It alleged that the administrators of the corporate have siphoned off public funds to the tune of Rs 1,728 crore, aside from curiosity, the CBI officers mentioned.

The accounts of the corporate, a significant provider to international toys and residential furnishing megastores in Europe, had turned non-performing property throughout 2013-15, the financial institution alleged.

A forensic audit opined that the corporate had indulged in fraud in its enterprise transactions.

It noticed variations within the figures of receivables, shares and payables between the annual report and the inventory audit report, signalling fabrication of the guide of accounts, the financial institution mentioned.

The quantity disclosed within the account books of the corporate and people of the collectors will not be totally different, indicating fabrication of accounts, it added.

The report confirmed transactions of over Rs 11,257 crore had been routed by way of an organization referred to as Almondz Impex Private Limited, which didn’t exist on the handle given, the financial institution alleged.

Almondz Impex, engaged within the enterprise of fee brokers and commodity brokers, was integrated in 2013, however didn’t file any steadiness sheets, it added. 

(Except for the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)



Source link

Latest News

Porn Star Ron Jeremy Charged With Seven More Sex Crimes

LOS ANGELES: Porn star Ron Jeremy was charged on Wednesday with an extra seven counts of rape and...

Closely Monitoring Progress Of Small Businesses: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman referred to as MSMEs the expansion engine of the nationNew Delhi: Finance Minister Nirmala Sitharaman on Wednesday stated that...

2020 U.S. Presidential election to be most expensive in historical past, expected to cost $14 billion

Democratic presidential nominee Joe Biden will be the primary candidate in historical past to increase $1 billion from donors. The 2020 Presidential election is...

Turkey’s Erdogan Vows Action Over Charlie Hebdo Toon That Showed Him Looking up a Woman’s Skirt

Turkish President Recep Tayyip Erdogan vented his outrage Wednesday at a "disgusting" cartoon within the French satirical weekly Charlie Hebdo depicting him wanting...

Apple Might Be Moving Fast Towards Developing Its Own Search Engine

Apple emblem. (Image Credit: Reuters)The first hints of Apple's personal search engine got here with iOS 14 displaying Apple's personal search outcomes when...

More Articles Like This