Oriental Bank of Commerce fraud: CBI books 2
New Delhi: The CBI on Thursday questioned two persons in connection with its ongoing probe into a Rs 389.85 crore loan fraud in the Oriental Bank of Commerce (OBC).
A Central Bureau of Investigation (CBI) official said it grilled Punita Seth, wife of Sabhya Seth, who is one of the Directors of Karol Bagh-based Dwarka Das Seth International for several hours. It also questioned the mother of Reeta Seth, another director of the firm.
The OBC complaint has alleged that the jewellery company took loans for gold jewellery export or import between 2007 and 2012 but failed to pay back.
The CBI action comes in the wake of a case it registered after receiving a complaint from the OBC on August 16 last year regarding its bad loans. The loans turned into non-performing assets (NPAs) in 2014, but the bank approached the agency last year, after the company had folded up and prime accused Sabhya Seth fled the country.
The CBI has started tracing India-based directors and partners of the company.
On Monday, the CBI issued Look Out Circulars (LOCs) against Sabhya Seth, Reeta Seth, Krishna Kumar Singh, Ravi Singh -- the directors of the diamond jewellery exporting firm.
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Six killed, 5 injured as passenger vehicle hits truck in Odisha
Sundargarh (Odisha) (PTI): Six people were killed and five others injured after a vehicle in which they were travelling rammed into a truck in Odisha's Sundargarh district early on Saturday, police said.
The accident occurred near Gaikanapali area under the Hemgiri Police Station limits when the passenger-carrying van hit the truck from behind, a senior officer said.
"Six members of a 'kirtan' group died on the spot, and five others were injured. Maybe, the accident occurred due to fog in the area," he said.
The 'kirtan' party went to Chakkplai village for a programme on the occasion of Diwali, and the accident took place when they were returning to their villages.
The deceased people belonged to Kandagoda and Samarpinda villages in the district.
The injured persons were admitted to a local hospital, the officer said.
Local people blocked the road, demanding ex gratia for the victims' families.
