Categories: Business

Promoter of Ramdev International, who escaped from the country before SBI complaint, levied Rs 411 crore


ramdev international’s promoters escaped after cheating with bank for 414 crore rupee

new Delhi. Three promoters of Basmati rice exporting Ramdev International have escaped from the country after a fraud of Rs 411 crore with a tie-up of six banks led by the State Bank of India (SBI). The CBI has recently registered a case against them.

Officials said on Saturday that they had fled the country even before SBI filed a complaint against them. The CBI had recently registered a case against SBI's complaint against the company exporting basmati rice to West Asian countries and European countries and its directors Naresh Kumar, Suresh Kumar and Sangeeta.

SBI has alleged that these people have defrauded him of Rs 173 crore. SBI has stated in the complaint that the company has three rice mills, eight sorting and grading units in Karnal district. The company also has offices in Saudi Arabia and Dubai for business. Apart from SBI, banks lending to the company include Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank.

Officials said that raids have not been taken so far in this case due to the applicable lockdown caused by the corona virus. The investigating agency will initiate the process of summoning the accused in the case. Officials said that appropriate legal action will be taken against the accused if they are not involved in the investigation. According to the SBI complaint, the account of this company became Non Performing Assets (NPA) on January 27, 2016.

This post was published on May 9, 2020 9:15 pm

Content Team

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