Archive · 25 May 2025
CBI Books Two Firms for Cheating SBI
Two companies are accused of tricking a bank.
One company used a public park as fake collateral for a loan.
The bank found out after the loan wasn't repaid.
The second company is accused of submitting forged documents to get a loan.
The CBI is now investigating the cases after a court told them to.
The court was unhappy with how long it took to start the investigation.
CBI booked GPR Resources Pvt Ltd and Kaizen International Lines.
GPR Resources Pvt Ltd directors submitted forged documents for credit facilities.
G Ponraghu pledged a public park as collateral.
Kaizen International Lines is accused of cheating SBI by submitting forged documents.
Madras High Court directed CBI to register FIRs due to delays.
- Who
- CBI, GPR Resources Pvt Ltd, Kaizen International Lines, SBI
- What
- CBI booked two firms for cheating SBI by submitting forged documents.
- When
- 2019 (loan origination)
- Where
- Thoothukudi, Chennai
- Why
- For alleged cheating and forgery to obtain credit facilities.
- Accused Firms
- GPR Resources Pvt Ltd, Kaizen International Lines
- Loan Amounts
- Rs 12 crore (GPR), Rs 3.8 crore (Kaizen)
- Bank
- State Bank of India (SBI)
- Location
- Thoothukudi, Chennai
- Allegations
- Cheating, Forgery