CBI book Rajhans Group directors on complaint of Bank of Baroda
January 02, 2023
Central Bureau of Investigation (CBI) has booked Surat-based builders Sanjay Parshottambhai Movaliya, Manoj Parshottambhai Movaliya, Mitesh Ranchhodbhai Movaliya, Pukhraj Shah, Ashish Jain and Rajkot-based Sohail Mandalka under IPC sections 120B and 420 and relevant sections of Prevention of Corruption Act after a complaint by the Bank of Baroda.
The Assistant General Manager of Bank of Baroda (BOB) had filed a complaint and alleged a Rs. 76 crore loss to the bank on December 26. A complainant had alleged that accounting procedures were not followed, wrong financial statements were produced and account books were altered.
Movaliyas belong to Rajhans group in Surat. They are directors in multiple companies. The company involved in this case is Rajhans Infrabuild. DeshGujarat
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