Interim Order 12

Order Details: COPY OF JUDICIAL PROCEEDINGS
Pdf Text: CC No./CBI/18/2023
RC-220 2020 E0015/2020
CBI vs. Suresh Kumar Gupta
14.01.2025
Present: Sh. Saurabh Singh, Ld. PP for the CBI.
IO/PI Sh. Aftab Alam, CBI, EO-II in person.
Submissions on the point of cognizance have been
heard.
As per the charge-sheet, M/s Shri Sudershan Tubes,
a partnership firm of Om Prakash Gupta (since deceased) and
Suresh Kumar Gupta (A-1) was sanctioned a CCH limit of 610
lakhs by Dena Bank in 2009; the limit was enhanced to 970 lakhs
in 2010; for obtaining the enhancement, M/s Shri Sudershan
Tubes showed provisional sales figure of Rs. 3740.32 lakhs
whereas in the final balance sheet, the same figure was Rs.
1650.10 lakhs. M/s Shri Sudershan Tubes, vide letters dated
04.06.2010 and 10.06.2010, justified the difference by claiming
credit summation in its current account maintained with Punjab
National Bank to the tune of Rs. 678.04 lakhs. For this purpose,
M/s Shri Sudershan Tubes furnished a copy of bank statement of
PNB wherein, the entries were found to be fabricated.
Investigation further revealed that on different dates,
huge amount of sums were transferred from M/s Shri Sudershan
Tubes in the accounts of partnership firms viz. Kamdhenu Metal
Industries [partners Suresh Kumar Gupta (A-1) and Pradeep
Kumar Gupta (A-3)], Shri Goverdhan Steel [partners Pradeep
Kumar Gupta (A-3) and Rajat Gupta (A-4)] and Synergy India
Pvt. Ltd. (A-5). The transactions in favor of Kamdhenu Metal
Industries, Goverdhan Steel and Synergy India Pvt. Ltd. were
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shown as ‘unsecured loan’ which was contrary to the purpose for
which CCH limit was granted. From these partnership
firms/company, the funds were further diverted in the accounts of
Suresh Kumar Gupta (A-1), Rajesh Kumar Gupta (A-2), Pradeep
Kumar Gupta (A-3) and Rajat Gupta (A-4).
Investigation further revealed that around Rs. 444.80
lakhs of the CCH limit was diverted from the account of M/s Shri
Sudershan Tubes to M/s Iskcon Steels, a proprietorship concern
of Ms Chhaya Singhal; fake invoices were created and
transportation of several metric tonnes of pipes, tubes, coil etc
was shown through several vehicles which were found to be two-
wheelers, three-wheelers and a car.
From the investigation carried out and the
documents placed on record, there is sufficient material to take
cognizance for commission of offence u/s 120-B r/w 420, 468,
477A and 471 IPC and substantive offence thereof against all the
accused persons.
The accused persons be summoned for 11.03.2025.
(NISHANT GARG)
ACJM-2-cum-ACJ
RADC/New Delhi/14.01.2025
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