The CBI (Central Bureau of Investigation) has registered two separate cases against two Nagpur-based companies for defrauding PNB (Punjab National Bank) of Rs 93 crores collectively. The two firm – Linkson Ispat and Energies Private Limited and Linkson International Limited – have businessman Yashwant Sangla as the director.
While the case against Linkson Ispat is for a fraud of Rs 62 crore, the case against Linkson International is for a fraud of Rs 31 crore. Apart from these two companies, a completely different case has also been registered against Bhubaneshwar-based Global Trading Solutions Limited and its Managing Director Abinash Mohanty for a fraud of Rs 32 crores.
PNB has alleged that the Nagpur-based companies allegedly availed finances from the bank on basis of forged documents and then diverted funds to companies having common directors. PNB also alleged that the chartered accountant, who signed the financial records of the two companies, signed them in lieu of financial profit.