NEW DELHI: The Central Bureau of Investigation (CBI) has registered a fresh case against Amrapali Leisure Valley Developers Pvt. Ltd and its directors Anil Kumar Sharma and others in connection with a Rs 230 crore bank fraud case. The CBI also carried out searches at four locations linked to the accused.
In a statement, CBI spokesperson RC Joshi stated that besides the company and Sharma, the agency has named other directors or erstwhile directors or corporate guarantors i.e. Shiv Priya, Suvash Chandra Kumar, Pankaj Mehta, Atul Mittal, Ashish Jain, Gagandeep Singh and unknown public servants and private persons
Joshi said that the fresh case is based on a complaint from the Bank of Maharashtra against Amrapali Leisure Valley Developers Pvt. Ltd and its directors Anil Kumar Sharma and others on the allegations of cheating Bank of Maharashtra and consortium member e-Anthra Bank (now UBI) to the tune of Rs 230.97 crore.
In the complaint it has been alleged that the Amrapali Leisure Valley Developers was sanctioned a term loan for the construction of flats at Greater Noida, however, despite taking full disbursal of the loans, the project is still incomplete and the account turned NPA on March 31, 2017.
In the FIR it has also been alleged that the Amrapali Leisure Valley Developers had made rampant diversion of funds to various other companies.
He said that the CBI team carried out searches at four locations including two in New Delhi, and one each at Noida and Ghaziabad at the premises of the accused which resulted in the recovery of incriminating documents.