Sunday July 22, 2018
Home Politics Two Kolkata-b...

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

0
//
90
Republish
Reprint

chit-fund222

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.

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

The CBI Arrests Two Senior Retired Officers Of Bank Of India

The agency in an FIR had said that the DPIL, which manufactures electric cables and

0
The CBI Arrests Two Senior Retired Officers Of Bank Of India: Bank Of India Fraud
The CBI Arrests Two Senior Retired Officers Of Bank Of India: Bank Of India Fraud. IANS

The CBI today arrested two senior retired officers of Bank of India in connection with alleged loan fraud of Rs 2,654 crore by Vadodara-based Diamond Power Infrastructure Ltd. (DPIL) in the bank. V V Agnihotri and P K Shrivastava, retired GM and DGM respectively, had allegedly granted undue favours to the company in granting credit limits, the officials said.

They said both have been arrested today and will be produced before special court in Ahmedabad tomorrow.The promoters of the company were arrested in April this year. The agency in an FIR had said that the DPIL, which manufactures electric cables and equipment, is promoted by Suresh Narain Bhatnagar and his sons Amit and Sumit, who are also the directors of the firm.

Bank of India
Bank of India. Flickr

Also read:Harsh Penal Proceedings For Illegal Swiss Bank Deposit Holders: Arun Jaitely

The loan, it said, was declared a non-performing asset in 2016-17. “It is alleged that the DPIL, through its management, fraudulently availed credit facilities from a consortium of 11 banks (both public and private) since 2008, leaving behind an outstanding debit of Rs 2,654.40 crore as of June 29, 2016,” the agency had said. (IANS)

Next Story