Officials said that three promoters of Ram Dev International, who were recently booked by the CBI for cheating Rs 411 crore from six banks, fled the country before the agency of the State Bank of India arrived, Officials said on Saturday.
The CBI had recently booked the company engaged in export of basmati rice to West Asian and European countries and its directors Naresh Kumar, Suresh Kumar and Sangeeta on the basis of a complaint from the State Bank of India (SBI), which suffered losses. More than Rs 173 crore, he said.
The SBI complaint states that the company has three rice milling plants, besides eight sorting and grading units at offices in Saudi Arabia and Dubai in Karnal district.
Apart from SBI, the other members of the consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank. Officials said the Central Bureau of Investigation (CBI) has not conducted any searches in the case due to coronovirus-induced lockdown.
He said the agency would initiate the process of sending summons to the accused, as they would not be involved in the investigation, appropriate legal action would be initiated, he said. According to the complaint filed by SBI, the account became a non-performing asset (NPA) on 27 January 2016.
Banks conducted a joint inspection of the properties in August and October, only to find the security guards of the Haryana Police only after about 7-9 months, he said.
Investigations have revealed that according to the complaint on February 25, 2020, the borrowers have absconded and left the country for more than four years after the account became NPA.
The complaint alleges that the borrowers had removed the entire machinery from the old plant and defrauded the balance sheet to get illegal benefits at the cost of the banks’ funds.