A 66 -year -old woman was arrested on Tuesday for allegedly defrauding a private bank after using a Rs 19 crore credit facility using false documents, police said.
Rashmi Seengal, a resident of Gurgaon, was arrested by the Economic Offenses Wing in connection with a case registered against him in 2016, they said.
Police said the bank approached them with a complaint alleging the accused company “Compact Disc India Ltd” through its directors – Suresh Kumar Seengal and his wife Rashmi Seengal – approached them to obtain credit facilities in the form of working capital.
A credit facility of Rs 19 crore was granted by the bank to the sued company in August 2008 against the stock hypothesis in the company’s trading, work in progress, finished goods etc including plant and machinery, they added.
According to the complainants, the organizers of the company also executed their personal guarantees and submitted their statements of financial value. Further, the company submits the bill of the exported material to another firm and guarantees repayment of the loan amount within 90 days after receiving payment from the importer.
When the lending company fails to repay the outstanding amount, it offers to repay the same through a fair mortgage of the assets. Later, when the bank conducted its investigation, it found that the money withdrawn by it had been diverted to an associate, the complainant alleged.
When CA Suresh Kumar Goyal, who is linked to the accused’s spouse, was questioned, he revealed that his signatures were forged on both certificates of monetary value dated September 11, 2008.
It was also found that the money withdrawn by the bank was transferred to an associated company by the accused. The original monetary value certificate was obtained and kept at FSL, Rohini said, a senior police official said.
The two accused-Suresh Kumar Seengal and his wife Rashmi Seengal-went missing and changed their locations. Meanwhile, a letter was sent to the Immigration Department, Delhi, asking it to issue an Exit Circular (LOC) against the two accused, the official said.
“On Monday, we got information from the Immigration Department that Rashmi Seengal had been detained at IGI Airport, Delhi. After that, accused Rashmi was brought before the Duty Magistrate, Patiala House Court and after getting the necessary permission, he was arrested on Tuesday,” he said. MI Haider, Deputy Commissioner of Police (Economic Offenses Wing).
The accused has been sent to judicial detention for 14 days, police said, adding further investigations are underway.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)