Katamarayudu telugu movie review | Katamarayudu Movie Review Rating | Katamarayudu Review | Pawan Kalyan Katamarayudu

X
close save
crop image
x
TM
Thu, Nov 22, 2018 | Last Updated 4:43 pm IST

Menu &Sections

Search

TN based firm accused of defrauding SBI

TN based firm accused of defrauding SBI
TN based firm accused of defrauding SBI
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Chennai sources reported that in a sensational case of bank fraud in the state, a Tamilnadu based firm has been accused of defrauding the State Bank of India to the tune of Rs 90 crore. Accordingly Indhumathi Refineries Private Limited in Virudhunagar district, Tamilnadu, is alleged to have defrauded the State Bank of India by using fake invoices in exchange for obtaining Letters of Credit (LoC) from the bank.



As per report, the fraud was discovered when the firm’s invoices from companies to obtain up to 46 LoCs were discovered to have been falsified. Meanwhile they turned out to be fake invoices from bogus companies drawn up in order to obtain the LoCs. Furthermore following this, the SBI approached the CBI's Bank Securities and Fraud Cell in Bengaluru. Moreover the CBI then filed an FIR and charge sheet against the firm’s proprietor R Shenbagan in addition to R Rajan, Raji Shenbagan, Thirumagal Rajan as well as employees of the firm and the bank itself.

TN based firm accused of defrauding SBI

Further following the CBI charge sheet, on Saturday, the Enforcement Directorate raided nine properties of Indhumathi Refineries Private Limited in Virudhunagar district in connection with the alleged money laundering. Reports added the raids also took place at the properties of the firm’s proprietor R Shenbagan, in Madurai and Coimbatore, where the Enforcement Directorate officials said that they have filed a case against the firm under the Prevention of Money Laundering Act (PMLA).

TN based firm accused of defrauding SBI

TN based firm accused of defrauding SBI
5/ 5 - (1 votes)
Add To Favourite
More from author
P. Chidambaram questions KCR about providing 1 Lakh Govt Jobs
Can you guess who Winner of Telangana Elections is?
Vijayashanthi upset for not having photos of Female Leaders in posters?
Amit Shah accused Pinarayi government treating Ayyappa devotees like Gulag inmates
USD 1.3 billion aid to Pakistan will remain suspended: Donald Trump
TRS loses MP close to election!
Father kills daughter brutally!
Fresh revelations on dog meat controversy!
Is Central govt watching Gaja?
Chennai to get Rain for next 48 Hours
What is the mood inside Janasena party?
Konda Vishweshwar Reddy quits TRS, joins Congress
Sachin says Sports & Education should go together
Delhi faces Poor Air Quality in Mornings
Khusbhu said KCR will be ZERO after December 11
Why Donald Trump portraying himself as Paul Revere of terrorism age?
Rohit Sharma feels confident playing in Australia
Is KCRs daughter-in-law richer than his son KTR?
Chilli attack on Delhi CM!
Rohit reveals the challenge!
Schools and colleges on leave in Chennai!
Sushma Swaraj quits election politics!
Cyclone Gaja razes Sugarcane crops, scarcity during Pongal
Protests at Sabarimala were part of Sangh Agenda: Pinarayi
Indian-American elected as president of Harvard University Undergraduate Council
Transgender filed nomination for Telangana Elections
Chandrababu Naidu, Mamata Banerjee discuss alliance, put off meet
Tamilnadu CM visited Cyclone Gaja hit areas
Why Ivanka Trump sent Official emails from Personal email Account?
Firing at Chicago Mercy Hospital kills 3
Kollywood Actors pitch in for Cyclone Gaja
Why Pawan halted his Praja Porata Yatra abruptly & left to Mumbai?
California Wildfire death toll Rose to 80
What astrologers say various political entities in Telangana elections 2018?
Andhra Man found under Moving Train, Escaped miraculously  Watch this VIDEO!
PM Narendra Modi inaugurated Kundli-Manesar-Palwal (KMP) Expressway in Gurgaon
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.