CBI arrests REI Agro chairman, promoter
The CBI today captured the administrator of REI Agro alongside a promoter of the organization regarding an affirmed bank advance extortion of Rs 3,871 crore.
Administrator Sanjay Jhunjhunwala, who was confronting a Red Corner Notice issued by the United Arab Emirates, was captured after he came back from abroad.
The CBI had likewise issued a Look Out Circular against him.
Chairman Sandip Jhunjhunwala was likewise captured by the organization here today.
The organization had enrolled an argument against them and the Kolkata-based REI Agro, which manages Basmati rice exports, in October 2015.
The move was made on the protestation from a consortium of 14 banks driven by UCO Bank.
It was affirmed that the organization had swindled the banks to the degree of Rs 3,871 crore since 2013 through scheme, duping and phony, the representative said.
It is asserted that the organization swindled the banks utilizing 150 shell organizations, on the premise of settled commission, through a gathering of dealers by making false receipt, archives of cash exchanges for non-existent exchanges, CBI sources said.
They said Jhunjhunwala was likewise confronting an instance of misappropriation of AED 160 million for which the UAE specialists had issued a Red Corner Notice against him.
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