Six booked for fraud with Union Bank of India
CBI has registered a case against six persons in Uttar Pradesh for allegedly defrauding Union bank of India of Rs 12.60 crore by availing credit facility on forged documents.
CBI spokesman said the case was registered against Santosh Kumar Jain of Alka Group of Companies and five others under various sections of Indian Penal Code and Prevention of Corruption Act.
Immediately upon registering the case, the agency carried out searches at seven places and claimed to have recovered documents showing false account books, balance sheets, invoices, receipts and statements.
According to the case, the persons, including Jain, availed Rs 12.60 crore on the basis of false documents and letter of credit from the bank.