CBI lodges case against Guwahati company for bank fraud worth ₹168cr

IDBI bank, in its complaint, alleged that a term loan and cash credit facility to the tune of Rs.64.67 crore were sanctioned fraudulently to the private company for purchasing vehicles

Updated on: Jun 2, 2021, 09:18:02 IST

By Utpal Parashar

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The Central Bureau of Investigation (CBI) on Tuesday registered a case against the promoters and directors of a Guwahati-based automobile company for causing an alleged loss of ₹168.62 crore to IDBI Bank.

The accused are Pranab Kumar Ghosh, Pratul Kumar Ghosh, Gita Rani Ghosh and Prabir Kumar Ghosh, all promoters-directors of Ghosh Brothers Automobiles, chartered accountant Arunabha Chattopadhya, unknown bank officials, and private persons.

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The bank alleges that a term loan and cash credit facility to the tune of Rs.64.67 crore were sanctioned fraudulently to the private company for purchasing vehicles.

“It is further alleged that the accused availed loan by submitting false documents and also indulged in diversion of money for purpose other than for which the loan was sanctioned, thereby causing a loss of Rs.168.62 crore as on January 31, 2021, to the bank,” the release said.

As on July 2020, the company’s outstanding balance was ₹153.38 crore and the said account became non-performing asset due to non-payment of dues to the bank, the release added.

ABOUT THE AUTHOR
Utpal Parashar
A seasoned senior journalist, I have nearly three decades of experience across print, digital, and online platforms, covering political transitions, insurgencies, environmental issues, and development stories in India and Nepal. I am skilled in breaking news, leading editorial teams and launch of newspaper editions. I am adept at leveraging digital trends and social media to expand global reach, with a strong ethical foundation and a reputation for impactful journalism. An alumnus of Asian College of Journalism, I joined Hindustan Times in New Delhi as a trainee reporter in May 1997. Over the years, I have been posted in Dehradun, Kathmandu (Nepal) and Guwahati. Currently, as Senior Assistant Editor at Hindustan Times, I lead a team reporting on India’s northeastern states. My work involves in-depth analysis, and engaging multimedia storytelling across formats, including text, photo, video, and interactive content. I am skilled in producing timely, shareable content, leveraging digital platforms and social media to engage global audiences. Throughout my career with the Hindustan Times, I have led diverse editorial teams, designed capacity-building activities, and supported reporters in developing strong story ideas, ethical reporting practices, digital skills, and fact-checking techniques. As Senior Assistant Editor for Northeast India, I have been responsible for guiding correspondents through complex political, humanitarian, and community-level stories using multimedia formats. Earlier, as Foreign Correspondent in Nepal, I produced extensive reporting during Nepal’s democratic transition and the 2015 earthquake and its aftermath.Read More

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