Amira Pure Foods Pvt Ltd a Delhi based company and its top executives including promoter Karan Chanana and managing director Rajesh Arora has been booked by the CBI for allegedly cheating a consortium of a dozen banks led by Canara Bank over Rs 1,200 crore, officials said Thursday. Based on the complaint from Canara Bank the CBI has filed an FIR and carried out a search operation at eight locations in Delhi and NCR at the premises of the Amira Foods mentioned as the accused in the FIR, the officials said.
The 27-year-old company was charged of fraudulent activity, engaged in the export of basmati and non-basmati rice came to notice in a forensic audit on 22 May, 2019. The FIR tells the company falsified the account, and forged and fabricated the documents in order to gain unlawfully at the cost of bank funds as an allegation, the officials said. The report was red flagged including cheating, fraud, misappropriation of funds, stock manipulation, diversion of funds, and criminal conspiracy committed by its directors and promoters and other key persons, said the officials.
It is said that Amira India is the subsidiary of Amira Mauritius. Amira Nature Foods Ltd registered in the British Virgin Islands and headquartered in Dubai owns the Amira Mauritius. "All the directors of the company were involved in the conspiracy to cheat the banks and thereby diverted the funds among themselves by various acts, omission and commission and siphoned off the public exchequer," the report said.