The Central Bureau of Investigation has registered a case against Guwahati-based Ghosh Brothers Automobiles and its promoters for cheating IDBI Bank of Rs.168.62 crore.
The bank alleged that the private company based at Betkuchi, Guwahati obtained term loan and cash credit facility fraudulently to the tune of Rs.64.67 crore (approx) from its Guwahati branch for purchasing vehicles.
It was further alleged that the accused obtained a loan by submission of false documents and also indulged in the diversion of money for the purpose other than for which the loan was sanctioned, and thereby caused loss of Rs.168.62 crore (approx) to the bank.
In the FIR, the investigative agency has named as accused four company promoters - Pranab Kumar Ghosh, Pratul Kumar Ghosh, Gita Rani Ghosh and Prabir Kumar Ghosh - and Chartered Accountant Arunabha Chattopadhyay.
As of Tuesday, the outstanding balance was Rs.153.38 crore (approx) and the said account became a Non-Performing Asset due to non-payment of dues to the bank.
Further investigation into the case is continuing.