New Delhi: The Central Bureau of Investigation, CBI has booked Ludhiana-based SEL Textiles Limited and its directors for allegedly cheating a consortium of banks to the tune of 1 thousand 5 hundred 30 crore rupees.
The directors of the conglomerate, Ram Sharan Saluja, Neeraj Saluja and Dhiraj Saluja have also been named as accused in the CBI FIR along with unidentified others.
The probe agency acted on a complaint from the Central Bank of India, which alleged that the company and its directors indulged in criminal conspiracy to defraud the banks and divert loan funds with an intention to misappropriate them between 2009 to 2013, causing a loss of 1 thousand 5 hundred 30 crore rupees to 10 public sector banks of the consortium.
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