ED has taken into custody Niketa Baldevbhai Dave, a director of Pentium Infotech and Hirak Biotech for his involvement in a scam of Rs 25.25 crore in Ahmedabad People’s Cooperative Bank, reports Hindu.
The case is based on the investigation carried out by the CID- Gandhinagar. The allegation was that Ms Dave, another director Pratik R. Shah, and others were involved in the scam.
ED said the accused persons opened overdraft accounts against fixed deposits in the cooperative bank. The companies defaulted on repayments, causing a loss of Rs 25.25 crore to the bank.
In each and every scam either politicians or local influencial person or Bank officials are involved because of which public suffers. Govt should first put behind bars of jail to root the scamsters and their helpers. By rottong them in jail, the truth will come out easily and all involved should be punished severely. This will see scamsterx purge.