Thursday, July 29, 2021

Ghosh Brothers alleged of financial fraud

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Guwahati, June 02 (NKTV): Guwahati based automobile distributors Ghosh Brothers have been alleged of fraud of around ₹ 168.62 crore from IDBI Bank.

The Central Bureau of Investigation (CBI) has registered a case against four promoter-directors and started their initial investigation regarding the case. Along with the four, the chartered accountant (CA) of Ghosh Brothers Automobiles is also under the scanner of the CBI.

The CBI in a statement said that the accused had availed a loan by submitting false documents and also indulged in diversion of money.

“It is 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 CBI said.

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