The Central Bureau of Investigation (CBI) on Tuesday conducted raids at the residences of Ghosh Brothers owner at Nursery and Spanish Garden.
The Guwahati based automobile company and its promoters were booked by the CBI in an alleged bank fraud of about Rs. 168.62 crore in IDBI Bank.
It has been alleged that the accused availed loan by submission of false documents to secure over Rs. 64 crore bank loan to purchase vehicles.
The automobile company was also indulged in the diversion of money for the purpose other than for which the loan was sanctioned.
Earlier on June 1, the CBI registered a case against Ghosh Brothers based on a complaint from the IDBI Bank for causing a loss of around Rs 168.62 crore.
The investigation bureau on June 2 said that it has registered a case against Ghosh Brothers Automobiles and its promoters and directors in a bank fraud case worth Rs 168 crore.
CBI booked Pranab Kumar Ghosh, Pratul Kumar Ghosh, Gita Rani Ghosh, and Prabir Kumar Ghosh, all promoters-Directors of Ghosh Brothers Automobiles. Besides the promoters and directors, the CBI has also named Arunabha Chattopadhyay, Chartered Accountant, and unknown bank officials and private persons.