- Advertisement -
- Advertisement -
Thursday, September 28, 2023
- Advertisement -

Case filed against construction professional Awarsekar; 3847 crore fraud of many banks

- Advertisement -
- Advertisement -

The Central Bureau of Investigation (CBI) has registered a case against Unity Infra Projects Limited and its directors for allegedly defaulting on loans of around Rs 3,847 crore to State Bank of India (SBI) and 15 other banks. The fire damaged Ministry building was also renovated by the same builder.

- Advertisement -

On August 17, a written complaint was lodged by ‘SBI’ in this matter. According to the First Information Report, the CBI has registered a case against Unity Infraprojects Limited, its Chairman and Managing Director Kishore Awarsekar, Vice-Chairman Abhijit Awarsekar, Executive Director Ashish Awarsekar and Director Pushpa Awarsekar.

The concerned builder had constructed the Motoshree bungalow of the Thackeray family at Kalanagar, the Dadar TT flyover and the subway at CSMT. Meanwhile, when we tried to contact Abhijit Awarsekar regarding this matter, he did not respond.

- Advertisement -

It is alleged that the accused, with the help of unknown public servants and unknown persons, formed a criminal conspiracy and defrauded the State Bank of India and other groups of banks to the tune of Rs.3847 crore 58 lakh. The company had taken loans from SBI and other banks through various facilities. Banks lost around Rs 3,847 crore as they went bankrupt. After that, a forensic audit was conducted by the banks in this matter. It revealed that fraudulent transactions were made and wrong information was given.

- Advertisement -

Also, the audit revealed that the amount was diverted to other accounts. Accordingly, Deputy General Manager Rajni Thakur filed a complaint with the CBI on behalf of SBI. CBI conducted a preliminary investigation of her. Subsequently, a case was registered on Thursday under the conspiracy, cheating and prevention of corruption act.

- Advertisement -
Latest news
- Advertisement -
Related news
- Advertisement -