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IDBI says filed case against RP Info Systems in 2015

Press Trust of India  |  New Delhi 

State-owned today said it had lodged a complaint with in January 2015 against with regard to a fraud and the matter is under investigation. The BSE stock exchange had sought a reply from the over report that said fresh case has been registered against RP Info Systems, the makers of "had loged a criminal complaint with CBI, Kolkata in January 2015 against with regard to the fraud committed by the company by forging two letters purportedly issued by ie Drawing Power allocation and credit opinion report on for availing credit facilities from State of Patiala," it said in a clarification to exchanges about a item. The said complaint had been registered dated May 20, 2015.

It has been informed that had already filed the charge sheet pertaining to the case on December 30, 2016 and the investigations are in progress," it added. Yesterday, had informed to exchanges that it had declared RP Infosystems as a fraud account in May 2015 in which it was a part of consortium of 17 banks and its exposure in the case was Rs 40 crore. has filed a complaint with on fraudulent transactions of Rs 515 crore against Kolkata based RP Infosystems and its directors, the said it financed a working capital limit (loan) of Rs 40 crore (4.69 per cent) as part of the consortium arrangement of 17 banks, it had said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 01 2018. 21:20 IST
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