NEW DELHI: CBI has booked Unitech MD Sanjay Chandra, his father Ramesh Chandra and his brother Ajay Chandra for allegedly cheating a public sector bank of Rs 198 crore.
The FIR in the case was filed on Dec. 1 under the IPC sections of cheating, criminal breach of trust, criminal conspiracy, apart from the Corruption Prevention Act sections, authorities said.
On Friday, a court gave Sanjay Chandra a four-week provisional bail for health reasons.
The IWC in its FIR stated that it had received a complaint from the canara bank on November 18, after which an investigation was initiated and an ordinary case was subsequently registered.
It has been alleged that Unitech was granted credit facilities under different banking modalities through which it availed itself of loans with personal and corporate guarantee as well as mortgaged properties.
However, the company allegedly sold the properties without informing the bank and also diverted and embezzled funds.
The FIR alleges that the bank owes Rs 198.09 crore as an outstanding liability in the form of Open Cash Credit (OCC) and Bank Guarantees (BG) until May 28 this year.
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