CBI files case against Prakasam firm B.K Threshers in Rs. 228 cr bank fraud
Searches were conducted at eight places, including in Prakasam district in Andhra Pradesh, which led to the recovery of incriminating documents.
By Newsmeter Network Published on 6 Jan 2022 4:43 PM GMT
Vijayawada: The Central Bureau of Investigation (CBI) has registered a case against B.K Threshers Private Limited and its directors in Prakasam district for causing a loss of Rs. 228 crore to the Union Bank of India.
The CBI has registered cases against Bellam Kotaiah, chairman of B.K Threshers and Bellam Jayanth Babu, Makkena Hari Babu, Bellam Aruna, Makkena Swaroop Chowdhry, and Bellam Ravi Chandra, all directors of the firm. Cases have also been registered against unknown public servants and unknown private persons based on a complaint from the Union Bank of India, Vishakhapatnam (Andhra Pradesh).
It was alleged that the private company and its directors in conspiracy with others fraudulently availed credit facilities by submitting false/manipulated financial statements, diverted loan proceeds, and caused loss of Rs. 228.02 crore to the bank.
Searches were conducted at eight places, including in Prakasam district in Andhra Pradesh, which led to the recovery of incriminating documents.
