ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Companies News

CBI registers cheating case for defrauding IOB of Rs 41.30 crore

CBI sources said a case has been registered for criminal conspiracy, alleged cheating, forgery and fabrication of documents against Gaurav Mehra and Sonila Mehra, both directors of Airworth Travels and Tours Private Limited and unknown bank officials.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
CBI registers cheating case for defrauding IOB of Rs 41.30 crore
CBI has registered a case of fraud against a tours and travel company for allegedly siphoning off Rs 41.30 crore of Indian Overseas Bank (IOB). Photo: Wikipedia

CBI has registered a case of fraud against a tours and travel company for allegedly siphoning off Rs 41.30 crore of Indian Overseas Bank (IOB) through forged and fabricated documents related to availing of credit limits.

CBI sources said a case has been registered for criminal conspiracy, alleged cheating, forgery and fabrication of documents against Gaurav Mehra and Sonila Mehra, both directors of Airworth Travels and Tours Private Limited and unknown bank officials.

The sources said it is alleged that they hatched criminal conspiracy and siphoned off sanctioned credit limit and bank guarantee by submitting fabricated financial statements for availing these facilities.

They said the duo allegedly submitted false account books, debit statements and induced the bank officials to disburse the funds to the tune of Rs 41.30 crore during 2009-13 which became non-performing assets during 2014.

The company which availed this facility for existing business of air ticket booking had sublet the business and diverted the funds for other businesses causing the loss of Rs 41.30 crore to the bank, the sources alleged.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Central Bureau of Investigation (CBI)Indian Overseas Bank (IOB)Airworth Travels and ToursBanking & Financial Services
Written By: PTI
Updated: Fri, Sep 16, 2016
10:23 pm
New Delhi, PTI
RELATED NEWS
 Sonali Phogat murder case update: Goa police arrest suspected drug peddler, restaurant owner Sonali Phogat murder case update: Goa police arrest suspected drug peddler, restaurant owner
Manish Sisodia's residence in Delhi raided by CBI; Arvind Kejriwal reacts Manish Sisodia's residence in Delhi raided by CBI; Arvind Kejriwal reacts
NSE Co-location case: CBI now registers phone tapping case against Chitra Ramakrishna | Details here NSE Co-location case: CBI now registers phone tapping case against Chitra Ramakrishna | Details here
NSE scam: Special CBI court rejects bail pleas of Chitra Ramkrishna, Anand Subramanian NSE scam: Special CBI court rejects bail pleas of Chitra Ramkrishna, Anand Subramanian

LATEST NEWS

IRCTC Dividend 2023: Massive 175% Dividend announced - Check amount, record and payment date

PM Kisan 13th installment update: Link Aadhaar with bank account before February 10 to receive Rs 2,000

Weekly expiry, Q3 Results, global market action among triggers that may impact Sensex, Nifty on Thursday

Q3 Results 2023: Samvardhana Motherson, Pennar, Escorts Kubota, Symphony declare December quarter results - HIGHLIGHTS

Fundraising gets tougher, 2023 super challenging for startup founders: Report

At Rs 12,546 crore, January inflows up 72% MoM in equity mutual funds; debt sees outflows worth Rs 10,316 crore

RITES Dividend 2023: Check out payout amount, record date and payment date details here

Adani Group premises raided in Himachal Pradesh by excise sleuths

Tata Group backed Taneira opens its weavershala in Tamil Nadu's Sirumugai

Closing Bell: Sensex ends 140 points up, Nifty with marginal gains as Adani Group stocks drag markets

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV