New Delhi: The CBI has filed a case of rigging and forgery worth Rs 110 crore against former Maruti CMD Jagdish Khattar and his company Carnation Auto India Pvt. This case has been registered on the complaint of Punjab National Bank. It is alleged that Jagdish Khattar had taken a loan of 170 crores for his company Carnation Auto India in 2009 which the bank later reduced to only 110 crores.

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The bank alleged that Jagdish Khattar, along with the bank officials, forged the bank and did not repay the loan of Rs 110 crore and later on 30 September 2015, the bank declared the loan as NPA, which was considered 30 effective from June 2012. Not only this, the charge of the bank is that the property in whose name Jagdish Khattar took the loan and the mortgage with the bank was fraudulently sold without bringing further information and transferred all the money elsewhere.

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The bank conducted a forensic audit of the loan given to Jagdish Khattar to KG Somana & Co and it was revealed that Jagdish Khattar sold the 6692.48 lakh property held in the name of the security deposit with the bank for 455.89 lakh and did not give any information to the bank. All this money was diverted elsewhere. Not only this, the bank found that the loan which was given to Jagdish Khattar, he diverted in the name of giving a loan to his other companies, which is against the law.

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