Patna, Apr 24 (UNI) A special court here today remanded four people to judicial custody in two cases of cheating, forgery and corruption involving crores of rupees in the Industrial Development Bank of India(IDBI) Patna.
During the day directors O P Notiyal and Kishore Harbada and accountant Krishna Purohit of Marigold Laboratories Limited(MLL) and Kartik Harbada--director of Rajgir Petroleum Limited(RPL) were produced by CBI officials before designated judge R S Prasad. The judge sent all the four accused to judicial custody till May 8.
On the prayer of the CBI, the court also allowed 48 hours' police remand for custodial interrogation of all the accused.
The CBI had registred two FIRs in this connection in year 2007.
According to the first FIR, under a criminal conspiracy a term loan of Rs 7.40 crore was sanctioned by IDBI, Patna in the name of a fake firm MLL, Ranchi, Jharkhand, and Rs 4.85 crores was disbursed during 1998-2001.
As per the charges in the second FIR, a term loan of Rs 7 crore was sanctioned by IDBI, Patna, in favour of a non-existing firm RPL Ranchi, Jharkhand, and Rs 6.8 crore was disbursed during the same period.
In both the FIRs, many people, including the then general manager of IDBI, Patna, T G Mirchandani were named accused.
UNI XC-KKS PL SP PM1802