The case has been registered against Kudos Chemie Ltd, Chandigarh, and its three directors -- Jitendra Singh, Kabir Sodhi and Gurmeet Sodhi, under several offences including criminal conspiracy and cheating.
The case was registered following a complaint by PNB that the three directors along with several unknown persons siphoned off Rs 1,301 crore from the bank by availing credit facilities using false and fabricated documents.
The Central Bureau of Investigation (CBI) also conducted raids in Chandigarh and Mohali in Punjab in connection with the case.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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