Case Registered Against Ram Dev International For Defrauding Four Banks
Reserve Bank of India has made many laws and rules and regulations regarding stopping bank fraud, mean line while many rules and regulations have been changed but a new case has come to light. Three promoters of Ram Dev International have defrauded 4 banks, including SBI, to 411 crores. The suspicion arose when he left the country and CBI has registered a case against them.Ram Dev International is a company exporting basmati rice to West Asian countries and European countries.
SBI filed a complaint against its directors Naresh Kumar, Suresh Kumar, and Sangeeta. In the complaint SBI has claimed that they have done a fraud of 173 crores, they have three rice mills, eight sorting, and grading units in Karnal district. It also operates from there offices in Saudi Arabia and Dubai for business. They have also taken a loan from Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank. The account of this company becomes NPA on January 27, 2016, there is no legal action taken yet due to the lockdown but it will start by issuing the summons.0 Replies to “Case Registered Against Ram Dev International For Defrauding Four Banks”