NEW DELHI: The Central Bureau of Investigation (CBI) has registered yet another case against six persons including promoters/directors of Delhi-based perfumery compounds manufacturing firm Surya Vinayak Industries and Surya Vinayak Hospitalities for cheating the Development Bank of Singapore Limited to the tune of Rs 122.49 crore between 2007 and 2012.
After registering the case, the agency conducted searches at the premises of the accused persons in Delhi.
The case was registered on a complaint from DBS, New Delhi (a foreign bank) under Indian Penal Code Sections relating to criminal conspiracy, cheating and forgery among others.
Those named in the case include promoters/directors of Surya Vinayak Industries Ltd (SVIL) Sanjay Jain, Rajiv Jain, Rohit Choudhary, Sanjeev Agarwal, Rajeev Jain and Kamal Kant Sharma.
SVIL directors allegedly “arranged firms/companies to show bogus sale and purchase of agro commodities and perfumery compounds.”
“It was further alleged that the stock of perfumery claimed by the Company was Rs 887 crore approximately. The accused also allegedly submitted forged and fabricated documents as well as valuable security to the Bank for enhancement of credit limit,” the CBI said in a statement.
SVIL had also allegedly cheated a consortium of banks to the tune of about Rs 2240 crore. Four accused, including directors and others, were arrested by the agency on April 11 this year and they are presently undergoing judicial custody. The agency has so far registered six cases against the promoters and directors of SVIL.