Pawan Bansal, the mastermind of the Syndicate Bank bribe-for-loan scandal, had established a network of companies over the years for his illegal operations. Bansal is director of six companies, including Altius Finserv Private Limited, that is currently under the scanner.
Bansal had allegedly brokered deals with Syndicate Bank chairman and managing director SK Jain to get loans for some corporate houses. CBI had also analysed some of the phone intercepts that established that the duo were striking a deal. Both Bansal and Jain were arrested by CBI, along with nine other accused, in the case. All of them are currently in judicial custody.
"We are aware of Bansal's connections with other companies. We will investigate all aspects and take action if any wrongdoing has taken place," CBI chief Ranjit Sinha told dna.
Bansal, a known fixer in Delhi's swish circles, organised loans for corporates and is a chartered accountant. He is managing director of Altius Global Finance Private Limited and director of BT Divine Power and Mining Corporation Limited. Earlier, he also served as director of Altius Properties Private Limited, additional director of Money Matters Financial Services Ltd and Money Matters Investment Advisors Private Limited. Most of the companies are involved in credit solutions, debt capital market and investment banking.
However, through BT Divine Power and Mining, incorporated in 2011 with authorised share capital of Rs100 crore, it seems Bansal has attempted to diversify and venture into power and mining sector.
One of the current directors of Altius Finserv Private Limited, Raj Kumar Jain, also holds nominee directorship of Delhi's exclusive upmarket malls DLF Emporio and DLF Promenade, along with nine other companies.
The probe is only going to get bigger as the CBI peels the layers off the intricate nexus of the clientele of Bansal's companies and money transactions that have taken place in last few years.
According to the ministry records, Altius Finserv Private Limited has an authorised capital of Rs20 crore, while its paid up capital is around Rs13 crore. Altius Finserv Private Limited was earlier functioning as Upvan Securities Private Limited.
Bansal allegedly uses Altius Finserv as a front to collect money from various companies he helps and then passes on the money to bank officials.
In the two FIRs, registered in the Syndicate Bank case, CBI has named Bhushan Steel Ltd vice-chairman Neeraj Singal, chief financial officer of Bhushan Steel Ltd Arun Agarwal, Ved Prakash Agarwal, chairman-cum-MD of Prakash Industries, Pawan Bansal, chartered accountant, Vineet and Puneet Godha (relatives of Jain), Vijay Pahuja, Totlani and Pankaj Bansal. They have been booked under various provisions of the Prevention of Corruption Act and criminal conspiracy under the IPC.