Six banks, PNB,Central Bank , Andhra , Syndicate bank,BOB and OBC cheated of Rs.187 crore
April 15, 2018
In yet another case involving the Punjab National Bank, the Central Bureau of Investigation has registered an FIR against S.S.K Trading, its directors and others for allegedly cheating a consortium of six banks of ?187 crore.
According to the agency, the PNB and other banks: the Central Bank of India, Andhra Bank, Syndicate Bank, Bank of Baroda and the Oriental Bank of Commerce, were part of the consortium.
The accused persons allegedly removed and disposed of the hypothecated stocks and cheated the banks by submitting false stock statements and other related documents.
Certain bank officials are also under the CBI scanner for suspected role.