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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55 year old man's organ donation saves lives in Mangaluru
Mangaluru: A 55-year-old man, declared brain dead due to internal brain bleeding after a fall, has given new hope to others through organ donation at Yenepoya Medical College Hospital.
Admitted on January 19, the patient’s condition worsened despite the medical team’s best efforts. After being declared brain dead, the hospital’s team counselled the family, explaining the possibility and impact of organ donation. Honoring the patient’s earlier wish to donate his organs, the family made the courageous decision to proceed.
In a successful retrieval procedure, two kidneys and two corneas were harvested. One kidney and both corneas will be utilized at Yenepoya Hospital, while the second kidney has been allocated to KMC Hospital in Mangaluru.Yenepoya Hospital commended the family for their generosity and strength during this difficult time.
