CBI books ex-PNB manager, 2 companies in Rs 168.59 crore fraud case | Popgen Tech

The Central Bureau of Investigation (CBI) on Thursday registered a case on a complaint by the Punjab National Bank (PNB) against its former manager, and others including two private companies, for allegedly committing a fraud of Rs 168.59 crore.

The FIR was filed against Priya Ranjan Kumar, then Manager, PNB; Elangbam Ranananda, Heyee Global Enterprises Pvt Ltd, Noida; and Andhra Pradesh-based MDA Enterprises.

The CBI in its FIR said that the accused in conspiracy with others through illegal and unauthorized use of the bank’s system, issued 34 fake Bank Guarantees, causing a loss of Rs 168.59 crore.

The CBI also conducted search operations at six places including Noida, Saran, Patna, Tadipatri (Andhra Pradesh), Thoubal (Manipur) in the residential and office premises of the accused which led to the recovery of incriminating documents .

–IANS

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