The CBI has booked Hanung Toys and Textiles Restricted, together with its administrators Ashok Kumar Bansal and Anju Bansal, for allegedly dishonest a consortium of 12 banks to the tune of over Rs 2,040 crore, officers mentioned on Tuesday.
In November final 12 months, authorities on the Delhi airport had detained debt-ridden Hanung Toys’ promoter Ashok Kumar Bansal and his spouse Anju Bansal, following a lookout round issued by the Punjab Nationwide Financial institution (PNB).
Within the criticism filed on behalf of all of the 12 banks, which is now a part of the CBI FIR, the PNB alleged that the administrators of the corporate indulged in felony breach of belief, fraud, siphoning and diversion of funds, felony misappropriation and dishonest amongst others.
It alleged that the administrators of the corporate have siphoned off public funds to the tune of Rs 1,728 crore, other than curiosity, the CBI officers mentioned.
The accounts of the corporate, a significant provider to world toys and residential furnishing megastores in Europe, had turned non-performing belongings throughout 2013-15, the financial institution alleged.
A forensic audit opined that the corporate had indulged in fraud in its enterprise transactions.
It noticed variations within the figures of receivables, shares and payables between the annual report and the inventory audit report, signalling fabrication of the guide of accounts, the financial institution mentioned.
The quantity disclosed within the account books of the corporate and people of the collectors aren’t totally different, indicating fabrication of accounts, it added.
The report confirmed transactions of over Rs 11,257 crore have been routed by an organization known as Almondz Impex Non-public Restricted, which didn’t exist on the deal with given, the financial institution alleged.
Almondz Impex, engaged within the enterprise of fee brokers and commodity brokers, was integrated in 2013, however didn’t file any steadiness sheets, it added.
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