SBI complains to CBI after Rs 411 crore loan defaulter flee country

Three promoters of Ram Dev International, recently booked by CBI for allegedly cheating a consortium of six banks to tune of Rs 411 crore, have alrey fled country before State Bank of India reached ncy with complaint, officials said on Saturday. CBI h recently booked company engd in export of Basmati rice to West Asian and European countries and its directors Naresh Kumar, Suresh Kumar and Sangita on basis of a complaint from State Bank of India (SBI), which suffered loss of more than Rs 173 crore, y said. 

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company h three rice milling plants, besides eight sorting and gring units in Karnal district with offices in Saudi Arabia and Dubai for tring purposes, SBI complaint said. Besides SBI, or members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, y said. 

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Central Bureau of Investigation (CBI) did t carry out any searches in matter because of coronavirus-induced lockdown, officials said. ncy will start process of summoning accused, in case y do t join investigation, appropriate legal action will be initiated, y said.

According to complaint filed by SBI, account h become a n-performing assets (NPA) on January 27, 2016. banks conducted a joint inspection of properties in August and October, nearly 7-9 months later only to find Haryana Police security guards deployed re, y said.

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"On inquiry, it has been come to tice that borrowers are absconding and have left country," complaint filed on February 25, 2020, after over a year of account becoming NPA, officials said.  complaint alleged that borrowers h removed entire machinery from old plant and fudged balance sheets in order to unlawfully gain at cost of banks'' funds, it said. 

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