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Two Kolkata-based companies under scanner for buying Mamata Banerjee’s paintings

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By NewsGram Staff Writer

The Central Bureau of Investigation and the Enforcement Directorate have pinned down two Kolkata-based firms because of their dubious balance sheets. The two companies despite having minimal profits, as displayed in their balance sheets, have spent crores for buying paintings drawn by West Bengal’s Chief Minister Mamata Banerjee.

One of the companies has its office a British India Street while the other is located on Camac Street in Kolkata.

According to a news report, the balance sheet of British India Street firm shows a total earning of Rs 36,000 in 2009-10 and 2010-11. However, despite the meager income the firm invested Rs 2.31 crore to buy at least nine paintings, reportedly drawn by Mamata Banerjee, before assembly elections.

Reportedly the other company shows an income of Rs 33,000, but spent Rs 2 crore on two paintings, reported the Times of India.

The investigators probing the case are trying to determine whether the bank accounts of the two companies became inactive immediately after the elections were over.

TOI reported an officer as saying, “It is possible that they may have posted bigger profits later but unless the company produces those account sheets, the probe will continue.”

Based on the recorded statements, the investigators have found out that the British India Street office has not been opened in months.

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Kanishk Gold Directors Questioned in Loan Fraud Case

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A Central Bureau of Investigation official told IANS: "Questioning of KGPL Directors Bhoopesh Kumar Jain and Neeta Jain is being carried out at our Bengaluru office." Pixabay

The CBI on Thursday said that it was questioning the directors of Kanishk Gold Pvt. Ltd. (KGPL) in connection with its ongoing probe into the alleged defrauding a consortium of 14 banks led by the SBI to the tune of Rs 824 crore.

Bhoopesh and Neeta Jain had arrived here on Wednesday evening, according to the official.

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The agency also conducted searches at KGPL’s office as well as official and residential premise of accused persons at various places in Chennai. Pixabay

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The questioning comes in the wake of the case it registered against the Chennai-based jeweller on Wednesday for defrauding the consortium of Rs 824.15 crore in the form of loans, now been declared a non-performing asset (NPA). IANS

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