A FIR was held up by police after a main private bank asserted an organization, that imports material items from Hong Kong and sells in India, duped it of Rs 46 crore. The case was enrolled at N M Joshi Marg police headquarters and later moved to city monetary offenses wing (EOW).Examiners said Shivaji Kale (45), ranking director (lawful) of the bank (Lower Parel branch) stopped the grievance that the organization had assumed a money acknowledgment office and term advance of Rs 46.3 crore for business. Yet, the cash was not utilized for the reason. Two heads of the organization have been named as blamed.
“The complainant expressed that the worth of the property sold while taking an advance has additionally deteriorated. During 2017 and 2019, the organization was authorized a money credit office yet they didn’t return the advance,” a cop said. The term of the wrongdoing was between 2017-19. The official added that according to the grumbling while at the same time taking advance, the blamed organization had kept a property and rundown of borrowers as home loan. Later it was observed that the rundown of borrowers was likewise produced, said an official. The test is being led by senior investigator KishoreParab and API ArundhatiYelve.
Police said at first the organization had taken advances from three helpful banks. Later the organization moved toward the bank in 2017 requesting to clear its advance to three banks and that they will reimburse the credit ,” said an EOW official. deluded it of Rs 46 crore.