CBI files Rs 3,269-crore bank fraud case against Shakti Bhog Foods
The Central Bureau of Investigation (CBI) has registered a case of bank fraud against New Delhi-based Shakti Bhog Foods on a complaint from State Bank of India (SBI).
The company and its managing director — Kewal Krishan Kumar, other directors and unknown public servants/others have been charged with causing an alleged loss of Rs 3,269 crore to SBI and other consortium member banks.Â
It has been alleged in the complaint that the said accused had cheated the SBI-led consortium banks by ways of criminal conspiracy, cheating, forgery of valuable security, forgery for the purpose of cheating, using forged documents as genuine etc.
Searches were conducted at 08 locations in Delhi at the official and residential premises of the borrower company/other accused, which led to recovery of incriminating documents.
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The Delhi high court has ordered winding up of Shakti Bhog Foods in January 2018. One of the operational creditors – Shrinath Rotopack (P) Ltd – has also moved NCLT for initiation of insolvency proceedings against Shakti Bhog Foods. It was later withdrawn after the High Court ordered winding up of the company.
