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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UP: Misled by GPS navigation, car falls into river from partially constructed bridge, 3 dead
Bareilly (UP), Nov 24: Three people died when their car fell into the Ramganga river from a partially constructed bridge here on Sunday, police said, adding that they suspect the driver was misled by its navigation system into taking the unsafe route.
The accident occurred around 10 am on the Khalpur-Dataganj road when the victims were travelling from Bareilly to Dataganj in the Badaun district, they said.
"Earlier this year, floods had caused the front portion of the bridge to collapse into the river, but this change had not been updated in the system," Circle Officer Ashutosh Shivam said.
The driver was using a navigation system and did not realise that the bridge was unsafe, driving the car off the damaged section, the police said.
There were no safety barriers or warning signs on the approach to the damaged bridge, leading to the fatal accident, Shivam said.
Upon receiving information, police teams from Faridpur, Bareilly and Dataganj police station rushed to the spot. They recovered the vehicle and the bodies from the river, Shivam added.
The circle officer said that bodies had been sent for post-mortem. Further investigation into the matter is underway.
— Bareilly Police (@bareillypolice) November 24, 2024
