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Chandigarh/New Delhi, The CBI on Sunday registered a case against a Chandigarh-based company and three of its directors for allegedly cheating the Punjab National Bank (PNB) of over Rs 1,300 crore, an official said here.
The case has been registered against Kudos Chemie Ltd, Chandigarh, and its three directors — Jitendra Singh, Kabir Sodhi and Gurmeet Sodhi, under several offences including criminal conspiracy and cheating.
The case was registered following a complaint by PNB that the three directors along with several unknown persons siphoned off Rs 1,301 crore from the bank by availing credit facilities using false and fabricated documents.
The Central Bureau of Investigation (CBI) also conducted raids in Chandigarh and Mohali in Punjab in connection with the case.
