After the Punjab National Bank (PNB) fraud, a case of fraud has now surfaced from the Oriental Bank of Commerce. Like Nirav Modi and Mehul Choksi, who looted PAB, is also a diamond trading company to cheat the Oriental Bank of Commerce (OBC).
CBI has registered a case of loan fraud of Rs 389.85 crore from the bank on Dwarka Das Seth International Limited
On the complaint of OBC, the CBI has registered a case of loan fraud of Rs 389.85 crore from the bank on Dwarka Das Seth International Limited in Delhi. Six months after the public sector bank’s complaint, the agency has registered a case against the company’s directors, Sariyeth Seth, Rita Seth, Krishna Kumar Singh, Ravi Singh and another company Dwarka Das Seth against SEZ Incorporation.
The CBI is keeping an eye on the whole issue. The investigating agency is also involved in collecting all documents related to the jewelers and the company. According to the information received, many people can be arrested in this allegation of embezzlement soon.
After the PNB scam has surfaced, all the banks have become more alert than ever before.
Rahul Gandhi also tweeted:
Under Modi Ji's "Jan Dhan Loot Yojana", another scam!
390 Cr., involving a Delhi based jeweller. Same Modus operandi as Nirav Modi. Fake LOU's.
Predictably, like Mallya and Nirav, this promoter too has disappeared while the Govt looked the other way.#ModiRobsIndia
— Office of RG (@OfficeOfRG) February 24, 2018