The Central Bureau of Investigation (CBI) has filed another FIR against Anil Ltd. in Mumbai, for an alleged fraud of Rs710 crores. The CBI this morning has carried out raids in seven places related to the company and its management team. These include locations in Ahmedabad and Pune.
It is believed that the fraud is related to the loan that the company took out from Bank of India. The exact details are yet to be known.
Amol S Sheth, Chairman and Managing Director of the company, has been named in the FIR. So far, CBI has interrogated several directors of the company including Indira R Parikh, (Dipal Palkhiwala) as well as Anurag Kothawala and Shashin Desai.
The company has already been booked in Delhi for a bank fraud involving Rs597 cores. The complaint made by the Deputy General Manager of Bank of India to the CBI has mentioned that Anil Limited had obtained a credit facility of Rs. 12 crores in 2016 which included cash credit and term loan. The firm had produced bills of assets and sales and purchase of goods. The firm obtained similar kind of loan from five other banks such as Punjab National Bank, State Bank of India and IDBI. The firm defaulted on payment and all the accounts became NPA.