CBI raids 12 places over SBI loan conspiracy case
Kolkata: Officers of the Central Bureau of Investigation (CBI) conducted raids at 12 different places, including four locations in Bengal, in connection with a case in which a conspiracy of a Burdwan based company led to a loss of Rs 4.12 crore for State Bank of India.
According to a CBI spokesperson, a case has been registered against five directors of the company - Kalimata Krishipanya Bipanan Private Limited and eight officials of the nationalised bank.
Subsequently, search was conducted at four places in Bengal, including Kolkata, Burdwan, Darjeeling, and Cooch Behar. Raids were also conducted at Hazipur in Bihar and Pelling in Sikkim.
CBI lodged a case against the company and its directors - Govinda Halder, Bharati Halder, Abhijit Halder, Prasenjit Halder and Madan Kumar Halder, along with eight officials of the bank. A probe has been initiated. The CBI officers stated that they had taken a loan, stating that they will be initiating a food processing business.
It has been learnt that the directors had entered a conspiracy and managed to avail cash credit limit of Rs 445 lakh from two branches of the bank in 2009 and 2014, with the help of eight officials of the bank itself, including the then chief manager and deputy manager. There was involvement of an advocate in the case as well.
Since the directors had stopped giving interest and didn't clear even the principal amount, the "account slipped into Non Performing Asset" on November 28 in 2014 and without interest, it led to a loss of Rs 4.12 crore.