12/5/2023 0 Comments Hugs 98 sourc![]() The borrower firm, two of its directors and unidentified public servants were booked for criminal conspiracy, cheating, forgery and misconduct by public servants. “Invoices of sub-contractors are suspected to be fake, and cost certificates are suspicious,” the source added. One of the group entities of the borrower firm that allegedly received part of the loan fund has no records filed with the Ministry of Corporate Affairs since March 2012, and hence, its operations cannot be established, leading to chances of diversion of funds, the sources said. Some of those bills, which formed part of the disbursement, were prima facie, fake, and hence, their authenticity cannot be established,” the source added. “It was also alleged that out of ₹93.15 crore, ₹91.02 crore was disbursed as per the Running Account Bills presented to the bank to avail disbursement. The loan account was classified as a Non-Performing Asset (NPA) in May 2015, with an aggregate outstanding dues of ₹98.15 crore. Thereafter, the borrower allegedly failed to pay the instalments as well as the interest and allegedly failed to maintain the expected financial discipline,” sources said. “The loan funds were further disbursed to two groups of entities of the borrower firm. WARNING: This file is an integral part of the Hugs source code. The complainant alleged that from 2012 to 2015, at Pune, the firm was accused to have fraudulently availed a term loan of ₹93.15 crore from UBI. This is the Hugs 98 Standard Prelude, based very closely on the Standard Prelude for Haskell 98. >The worked OK in previous versions of Hugs 98 (although you couldnt drop >source files on an already-running app). are met: Redistributions of source code must retain the above copyright notice, this list of conditions and the following disclaimer. HT ImageĪccording to the Central Bureau of Investigation (CBI), the alleged fraud was perpetrated from 2012 to 2015, and they received a complaint in September 2022 from UBI’s Stressed Assets Management Branch based on which the case has been registered. >Results: >Hugs 98 launches, but doesnt read source file. ![]() Mumbai: A realty firm was booked recently for allegedly duping Union Bank of India (UBI), Mumbai, of ₹98.15 crore after using dubious documents to avail the bank’s credit facilities. ![]()
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