The Central Bureau of Investigation (CBI) has registered a case against Shree Basant Oils Ltd. and others for allegedly cheating the Canara Bank of more than ₹124 crore.
Among the accused are Pramod Agarwal, Gagan Agarwal, Ayush Agarwal, Trishala Devi, Sudha Agarwal and Sthapana Buildcon Private Ltd.
The Mathura-based company is into the manufacturing, packaging and trade of refined oil, rice bran, soya oil, palm oil, mustard oil and oil cake. The company took loans from the bank for business purposes. However, the loan account turned non-performing asset in November 2019 due to non-payment of dues.
