CBI DELHI FIR CHALLENGED IN LUCKNOW

CBI DELHI FIR CHALLENGED IN LUCKNOW

4^TH DECEMBER, 2020

The Petitioner has filed a writ petition before the Lucknow bench of the Allahabad High Court, challenging an FIR registered by the CBI in Delhi into the alleged bank loan scam, which had caused thousands of crores of loss to a consortium of banks. The FIR was registered in Delhi but has, been challenged before the Lucknow bench.

The accused named in the FIR are the firm Gangotri Enterprise Ltd, its managing director Ajeet Pandey, director Vinay Shankar Tiwari and his wife Reeta Tiwari and another firm, Royal Marketing Pvt Ltd. 

As per the content of FIR, the company enjoyed a credit facility of Rs 35 crore with the Bank of India before the forming of the consortium. Firstly, the consortium was formed in March 2007, consisting of two banks, led by Bank of India, with Canara Bank. This was increased from time to time, and finally, a consortium of seven banks was formed in March 2012.