CBI registers Rs 515.15 cr bank fraud case against RP Infosystem

The Central Bureau of Investigation (CBI) on Wednesday registered a case of bank fraud worth Rs 515.15 crores against RP Infosystem and its directors.
The company is located in West Bengal's Kolkata.

An FIR has been registered against company?s Directors Shivaji Panja, Kaustuv Ray, Vinay Bafna, vice-president (Finance) Debnath Pal, and unknown bank officials.

Central Bureau of Investigation (CBI) registered a case of bank fraud worth Rs 515.15 crores against RP Infosystem & its directors

— ANI (@ANI) February 28, 2018

The case has been registered under sections 120B (criminal conspiracy) read with 420 (cheating), 468 and 471 (both related to forgery) of the IPC and the criminal misconduct by a public servant.

In the month of June, according to reports, Panja was booked along with his two colleagues and his company RP Infosystems for allegedly cheating IDBI Bank to the tune of Rs 180.44 crore.

More details are awaited.

Meanwhile, investigating the PNB scam, CBI on Tueday stated that Punjab National Bank (PNB) has informed them that the amount of fraud is more than the earlier internal calculation. The Bank informed the probing agency that the they have found further scam of Rs 1, 251 crore with respect to Gitanjali Gems. The agency in now investigating a scam totaling Rs 12, 636 crore, against the earlier amount of Rs 11,421 crore as mentioned by the Bank.

To unravel the larger conspiracy hatched by these two jewellers, the agency questioned two top officers of two banks — ICICI Bank and Punjab National Bank — on Tuesday.

The CBI said that they have examined NS Kannan, Executive Director, of ICICI Bank, and PNB's former managing director Usha Ananthasubramanian in Mumbai. Apart from them, the CBI questioned two PNB international banking division general managers Nihal Ahad and Vimlesh Kumar.

(With inputs from ANI)