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CBI arrests RP Infosystems directors in Rs 515 bank loan fraud case CBI questions RP Info Systems director in Rs 515-cr 'fraud' case RP Infosystems' Dir. questioned by CBI over alleged bank fraud CBI questions RP Info Systems director in Rs 515 cr 'fraud' case CBI arrests RP Infosystems directors in Rs 515 cr fraud case -
The two directors of computer peripherals firm RP Infosystems -- Kaustuv Ray and Shibaji Panja -- have been sent to three days CBI custody after being produced at a designated court here today.
The twp were arrested by the CBI yesterday after they went to the CGO Complex office of the agency to face interrogation. The duo have been charged with defrauding Canara Bank and a consortium of nine other banks to the tune of Rs 515 crore.
The CBI had argued that their custody was required for further investigations.
Acting on the basis of a complaint filed by Canara Bank on behalf of a consortium of banks alleging cheating and criminal conspiracy, CBI registered an FIR against them.
The FIR had also named Vijay Bafna and Debnath Pal, VP of the company.
The complainant said that the company had furnished false stock, debtors and receivables to carry out the fraud.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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