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A new bank scam has come into light before a Delhi court which on Tuesday ordered a court-monitored investigation. The scam involving among other public sector banks, the State Bank of India, runs into Rs 800 crore, allegedly involving an infrastructure company director.
The FIR in this regard was registered by the Delhi Police’s Economic Offences Wing (EOW) and Chief Metropolitan Magistrate Shivani Chauhan of Saket District Court, heard an application filed by complainant Vaibhav Jalan against Gaurav Jalan, Director of JKM Infra Projects Ltd and ordered the probe.
The petitioner’s counsel argued that the accused allegedly created fictitious invoices and transferred the money from the company accounts to shell companies’ accounts, but no effective investigation has been carried out by the Investigating Officer and the complainant was not called for purpose of the probe in the last ten months.
Taking note of the submissions, the court directed the EOW to file a status report seeking the investigation carried out by it in the last 10 months and what investigation has been conducted on the discrepancies highlighted by a forensic audit of the company.
It also noted the apprehension that the accused may flee the country to evade the process of law. The matter will be further heard on November 11. (IANS)
