India's veteran bank SBI has filed a Rs 411 crore banking fraud complaint against Ram Dev International and its promoters. The bank, in its complaint filed before the Central Bureau of Investigation (CBI), said that the company and its promoters committed this fraud with a group of six banks. On the bank's complaint, the CBI has recently registered a case against the company and its directors Naresh Kumar, Suresh Kumar and Sangeeta. However, officials said on Saturday that three promoters of the company had fled the country even before the state bank filed a complaint. The country's largest bank has suffered a loss of Rs 173 crore. This company exports basmati rice to West Asian and European countries.
Regarding this matter, SBI has said in its complaint that the company has three rice milling plants. Apart from these, there are eight sorting and grading units in Karnal district of Haryana. Apart from this there are offices in Saudi Arabia and Dubai. According to officials regarding this matter, the Central Investigation Agency has not conducted any investigation so far due to the lockdown implemented due to coronavirus. He has said that the agency will initiate the process of summoning the accused and appropriate action will be initiated against them for not cooperating in the investigation.
According to the complaint filed by SBI, the company's account was converted into NPA on January 27, 2016. The banks jointly inspected the properties in August and October. At the same, the officials said that in the complaint filed by SBI on February 25, 2020, it was said, "Investigation revealed that the debtors are absconding and have fled the country."
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