The special court of Central Bureau of Investigation (CBI) on Wednesday seized the passport of Suhail Goyal after a case was registered against his father Rajiv Goyal’s Surya Pharmaceuticals Limited (SPL) and unknown bank officials. The FIR was registered by CBI on June 3, following a complaint of alleged cheating with the State Bank of India.
The complaint was given by the Special Commercial Branch of Chandigarh to CBI office in Delhi alleging that the accused had duped the bank to the tune of Rs 157.96 crore. Residence and offices of the directors of the company were searched by teams of Delhi CBI in June 20.
An investigating officers said that they have seized documents during the raid which clearly depict the fraud. Suhail Goyal’s passports was seized to ensure his presence in the country. He was the additional director General of M/s Emsons Organics limited, one of the companies accused in the case, during the relevant period when the fraud was committed.
FIR has been registered against all the directors of SPL and names of Rajiv Goyal and his wife Alka Goyal are also mentioned. Along with them, Hari Om Bhatia, the chief finance officer; Mukta Seth, manager; Pramod Allagrwal, director (operations) of Kobian Private Limited based in Dubai and “other private and public persons” have also been mentioned for “causing wrongful loss”. The accused have been booked under Section 120-B with 420, 467, 468 and 471 of the IPC and relevant Sections of the Prevention of Corruption Act. As per the complaint received by CBI on May 22, 2014, Kumar Sharadindu, the General Manager of SBI, Mid Corporate Group, Panchkula Sector 5 branch said that SPL availed the working capital facilities of Rs 1,100 crore. SBI’s share was Rs 405 crore. The fraud has been committed from 2010 to 2012.
“During the course of availing financial facilities pertaining to Indian LC and Foreign LC from the bank, the accused persons in charge of the SPL in connivance with each other and other unknown persons indulged in criminal activity to cheat the banks by fabricating the purchases and sales of the same products with one concern, viz Emsons Organics Private Limited without addition of any processing value, wrongly showing purchases of pharmaceutical products form concerns dealing in the information technology, telecommunication, electric and electronic products totally unconnected to the business of SPL indulging in trading activities while falsely showing such activities as genuine sales transactions as also committing serious financial and other business irregularities to cheat the lending banks and to misappropriate their funds”, reads a copy of the FIR with the Indian Express.
An investigative audit was carried out by SBI in October 2013 which revealed that the bank was cheated of Rs 157.96 crores. After the FIR was registered, CBI had sought search warrants to recover documents and materials mentioned in the FIR.