Rs 10cr fraud: Complaint filed against Ahm firm

Ahmedabad | Monday | 10th December, 2018

Summary:

AHMEDABAD: A nationalized bank has filed a complaint of cheating of Rs 10 crore against a city firm that runs an oil packing and refilling business. The bank then a complaint of cheating, breach of trust, and criminal conspiracy against the firm owners. The firm owners promised to fix the problem and gave a cheque for Rs 5.75 crore. It was also decided that the firm would produce its stock details to the bank and it would not sell the stock mortgaged to the bank. The credit limit was continually reviewed by the bank and it was extended to Rs 7.50 crore in September 2013 on the request of the firm owners..