In the aftermath of the Punjab National Bank scam, banks have now become more pro-active in sending complaints to the CBI.
The CBI has booked Delhi-based diamond jewellery exporter Dwarka Das Seth International Pvt Ltd, six months after the Oriental Bank of Commerce filed a complaint with the agency.
The case has been registered against Karol Bagh-based Dwarka Das Seth International, engaged in manufacturing/trading of diamond, gold and silver jewellery, and other ornaments. The FIR has named Dwarka Das Seth International, its associate concern Dwarka Das Seth SEZ India Incorporation, proprietor Sabhya Seth and directors Reeta Seth, Krishna Kumar Singh, Ravi Kumar Singh and unknown bank officials as accused.
During a forensic audit, Oriental Bank of Commerce said, it was found out that some of the banks that issued letters of credit were poorly rated, and one did not even exist.
The investigation conducted by the bank found that the company used the letter of credit (LCs) to pay for the purchase of gold and other precious gems. Bank fraud case registered against jeweler Dwarkadas Seth of Delhi.
SA and India set for tour finale on Saturday T20 clash
Kohli needs 17 runs to become the first Indian and third cricketer to reach the 2,000-run mark in the shortest format of the game. The Virat Kohli-led India will hope to repeat the performance but with middle-order batsmen also playing their part this time .
After the PNB and the Bank of Baroda filed cases against Nirav Modi and Rotomac Global, the Oriental Bank of Commerce, the Bank of Maharashtra and Barmer office of the PNB rushed to the CBI as well with their complaints of fraud, leading to the agency filing three separate cases.
Sources say that CBI director Alok Kumar Verma has asked his officers not to sit on complaints on bank frauds and immediately register an FIR. The company first started availing this facility in 2007 and bills were regularly realised before further bills were discounted. Since then the bank has sold some properties of the company to recover its dues. "Under Modi Ji's "Jan Dhan Loot Yojana", another scam!390 Crore, involving a Delhi based jeweller".
Addressing a press conference, Sibal said, "The country has faced a loss of around â‚¹21,000 crore as of now and other banking frauds will also come out in a few days".
The PNB approached the CBI for a second time on Wednesday against one of its branch managers at its Barmer office in Rajasthan.