The CBI on Thursday arrested two Kolkata based businessmen Shibaji Panja and Kaustav Ray in connection to the Rs 515.15 crore bank fraud case.
Over the past few weeks, both Panja and Ray have been questioned three times by the investigating agency.
However, due to inconsistencies in their statements, the CBI wants to quiz the duo again after taking them in custody.
The agency had earlier booked a Kolkata-based computer company RP Infosystem Ltd and its directors for defrauding a consortium of Canara Bank and 16 other lender of more than Rs 515 crore.
“The leader of the consortium had filed a case with CBI in May 2015. The account had been treated as fraud by our bank during October 2015 and reported to RBI. Consequent upon the leader bank relinquishing its role as the leader of the consortium and as directed by CBI (BS&FC), Kolkata, we were authorised by the remaining member banks to file revised complaint with CBI,” Canara Bank had said in a statement.
Apart from Panja and Kaustuv Ray, CBI had booked another company director Vinay Bafna and vice president (finance) Debnath Pal in the case along with a few unknown Canara Bank officials.
According to the original complaint filed against the company, RP Infosystems had cheated a consortium of 10 banks led by Canara Bank. The company allegedly got loans based on false and fabricated stock/receivable/debtors statements, forged drawing power letter etc.
The other banks in the consortium include State Bank of India, Central Bank of India, State Bank of Bikaner & Jaipur, Union Bank of India, Oriental Bank of Commerce, Allahabad Bank, State Bank of Patiala, Punjab National Bank and Federal Bank.
According to the CBI FIR, the company dishonestly and fraudulently did not route the sale proceeds through the loan account and siphoned off the entire amount that it had to repay.
Known for his proximity to West Bengal Chief Minister Mamata Banerjee, this is not the first time Shibaji Panja is under the scanner.
In 2015, Panja was arrested while returning from Dhaka with Mamata Banerjee whom he had accompanied as a non-official delegate on a three-day visit to Bangladesh.
He was detained by the state police on the basis of a lookout notice by economic offences wing of Delhi police.
The CBI had booked Panja along with other directors of RP Infosystem in June 2015 for defrauding IDBI Bank of Rs 180 crore.