The FIR has been lodged against BONMART International Limited (BMIL) and its Managing Director Saneh Prakash Bansal, Director Rakesh Bansal and Tushar Bansal.
The bank alleged in its Complaint that the accused with a premeditated intention cheated the bank of the funds allowed by it, by siphoning off the same and diverting the same for their personal benefits and gains, thus, caused wrongful loss to the bank.
BONMART international Limited (BMIL) was incorporated in March 1998 (began full-scale operation in March 1999).
The company is engaged in the business and working with various reputed composite mills for their entire range of 100 per cent cotton fabric for men’s wear mainly — Ashima Mills Ltd, Morarji Textile Ltd., Arvind Mills. RSVVM Ltd. (LNJ Denim) and BVM.
–Ajit Weekly News
atk/pgh
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