New Delhi, June 17
The Central Bureau of Investigation (CBI) in compliance of the directions of the Allahabad High Court, has registered and FIR against 28 accused persons for availing loan from State Bank of India to the tune of Rs. 6170 crores and defaulted.
The CBI FIR stated that M/s. SKS Power Generation (Chhattisgarh) Limited promoted by M/s. SKS Ispat & Power Ltd. (SKSIPL) engaged in the business of generation and distribution of electricity allegedly availed loans to the tune of Rs. 6170 crore from State Bank of India (SBI), M/s. L&T Infrastructure Finance Limited, M/s. PTC India Finance Limited and State Bank of Bikaner and Jaipur and did not repay the dues to the to a default of around Rs. 5717 crores was put to auction and settled at around Rs. 2000 crore in favour of M/s. Entwickeln India Energy Private Limited.
It has been also alleged that M/s. Entwickeln India Energy Private Limited and M/s. SKS Ispat & Power Limited were registered at the same address and in 2019, M/s. Entwickeln India Energy Pvt. Ltd. merged into M/s. SKS Ispat and Power Ltd. indicating unauthorized actions.
The accused persons in criminal conspiracy among themselves caused wilful round tripping of funds through bogus share transactions with the aid of dummy / shell companies with mala fide intention of gaining wrongfully and also that significant loan amount was allegedly transferred to British Virgin Islands and British Overseas Territories of Bermuda through fictitious companies.
The agency is conducting searches at 14 places at Mumbai, Kolkata, Raipur, Bhubaneswar, Trichy which have resulted in seizure of incriminating documents and materials.
