Rahul Gaur, son of actual property group Gaursons’ chairman, has been charged by CBI in a financial institution fraud case
New Delhi:
Rahul Gaur, the son of actual property group Gaursons’ chairman BL Gaur and his spouse Navneet, have been charged by the CBI for allegedly dishonest the Financial institution of Baroda and the Syndicate Financial institution to the tune of Rs 80 crore within the title of a high-end residential complicated deliberate by their agency Brys Worldwide Non-public Restricted, officers stated on Friday.
The corporate had taken a credit score of Rs 250 crore (Rs 150 crore from the Financial institution of Baroda, Rs 100 crore from the Syndicate Financial institution) for growing a high-end residential complicated comprising 291 luxurious flats at Sector 150, Noida, they informed information company Press Belief of India.
The Financial institution of Baroda has alleged in a criticism that Rs 80 crore have been disbursed by the banks, however the mission was left within the lurch in its preliminary levels, the officers informed PTI.
It’s claimed that the preliminary deposits by the patrons ought to have been credited to the escrow account but it surely was not carried out, they added.
A forensic audit of the corporate’s account confirmed round-tripping and diversion of funds, opaque functioning and misrepresentation of information, the officers informed Press Belief of India.
The account had turned a non-performing asset (NPA) in 2015 with Rs 80 crore excellent, they added.
(Apart from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)
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