CBI books company’s directors for allegedly cheating BoM

ST CORRESPONDENT
Saturday, 9 November 2019

The complaint also states that the accused had availed credit facilities on various properties from another financial institution/co-operative bank, without the knowledge of the Bank of Maharashtra as those properties were already mortgaged to the bank’s Baramati branch. 

PUNE: The Central Bureau of Investigation (CBI), ACB, Pune unit has lodged a case of cheating and criminal conspiracy against directors of a private firm ‘Hi-Tech Engineering Corporation India Private Limitetd’, Baramati and five others for allegedly defrauding Bank of Maharashtra of Rs 33.31 crore.

As per the FIR, a complaint was lodged by HA Mazire, Zonal Manager, Bank of Maharashtra, Pune East Zone, Pune. 

The complainant alleged that company’s Directors Sanjay Awate and Rajendra Ingawale, during 2009-2015, entered into criminal conspiracy with unknown bank officers/officials of Bank of Maharashtra and unknown others in the matter of various credit facilities availed from the Bank of Maharashtra (BoM) and committed offences of cheating, causing wrongful loss to the tune of Rs.33.31 crore to the bank. 

The complaint also states that the accused had availed credit facilities on various properties from another financial institution/co-operative bank, without the knowledge of the Bank of Maharashtra as those properties were already mortgaged to the bank’s Baramati branch. 

Following the complaint, the CBI lodged an FIR and is investigating the case.

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