{"id":155088,"date":"2022-11-07T17:12:48","date_gmt":"2022-11-07T11:42:48","guid":{"rendered":"https:\/\/caravanalive.com\/?p=155088"},"modified":"2022-11-07T17:12:48","modified_gmt":"2022-11-07T11:42:48","slug":"%e2%82%b91530-crore-bank-fraud-court-sends-ludhiana-industrialist-neeraj-saluja-to-judicial-custody-till-nov-17","status":"publish","type":"post","link":"https:\/\/www.caravanalive.com\/?p=155088","title":{"rendered":"\u20b91,530-Crore Bank Fraud: Court Sends Ludhiana Industrialist Neeraj Saluja To Judicial Custody Till Nov 17!"},"content":{"rendered":"<div class=\"2a6a8c3593e6620bd92d71f585bdd19b\" data-index=\"4\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6453632170035383\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- NEW RESPONSIVE -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6453632170035383\"\r\n     data-ad-slot=\"2960496911\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<p>After being in CBI custody for five days, Ludhiana-based industrialist Neeraj Saluja was sent to judicial custody till November 17 on Thursday. He was arrested for defrauding a consortium of banks of \u20b91,530 crores.<\/p>\n<p>The CBI did not seek remand of Saluja, who was produced before the Mohali CBI court. The CBI arrested Saluja, director of Ludhiana-based SEL Textiles, for defrauding a consortium of 10 banks led by the Central Bank of India of Rs 1,530.99 crore.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-154903 aligncenter\" src=\"https:\/\/caravanalive.com\/wp-content\/uploads\/2022\/10\/CBI1.jpg\" alt=\"\" width=\"650\" height=\"449\" srcset=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2022\/10\/CBI1.jpg 650w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2022\/10\/CBI1-300x207.jpg 300w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2022\/10\/CBI1-450x311.jpg 450w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/p>\n<p>The CBI had on August 6, 2020 booked the yarn and cloth manufacturing firm with units in \u00a0Malout and Nawanshahr in Punjab, Nemrana in Rajasthan, and Hansi in Haryana along with its directors based on the bank&#8217;s complaint. \u201cLookout circulars (LOCs) against the accused had been issued and during the investigation, the CBI had examined several persons,\u201d said the investigating officer.<\/p>\n<p>It is alleged that the accused diverted huge amounts of bank loans to their respective parties and subsequently, adjustment entries were made. It is also alleged that Saluja showed procurement of machinery from non-named suppliers and thereby over-invoiced the bills, the CBI spokesperson said in a statement.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-154901 aligncenter\" src=\"https:\/\/caravanalive.com\/wp-content\/uploads\/2022\/10\/CBI2.jpg\" alt=\"\" width=\"650\" height=\"449\" srcset=\"https:\/\/www.caravanalive.com\/wp-content\/uploads\/2022\/10\/CBI2.jpg 650w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2022\/10\/CBI2-300x207.jpg 300w, https:\/\/www.caravanalive.com\/wp-content\/uploads\/2022\/10\/CBI2-450x311.jpg 450w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/p>\n<p>The spokesperson said that huge amounts of primary security against credit limits like stock and finished goods were settled by the accused for misappropriating bank funds as proceeds from sale of goods were not deposited in the bank.<\/p>\n<p>A CBI spokesperson said, \u201cIt was alleged that huge amounts of bank loans were diverted by the the accused to its related parties and subsequently, adjustment entries were made. It was also alleged that the accused had shown procurement of machineries from non-reputed suppliers and thereby over-invoiced the bills.\u201d<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>After being in CBI custody for five days, Ludhiana-based industrialist Neeraj Saluja was sent to judicial custody till November 17 on Thursday. He was arrested for defrauding a consortium of banks of \u20b91,530 crores. The CBI did not seek remand of Saluja, who was produced before the Mohali CBI court. The CBI arrested Saluja, director [&hellip;]<\/p>\n","protected":false},"author":63,"featured_media":154902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[{"category_id":36,"category_link":"https:\/\/www.caravanalive.com\/?cat=36","category_name":"Article"},{"category_id":2,"category_link":"https:\/\/www.caravanalive.com\/?cat=2","category_name":"Business"},{"category_id":156,"category_link":"https:\/\/www.caravanalive.com\/?cat=156","category_name":"India"},{"category_id":511,"category_link":"https:\/\/www.caravanalive.com\/?cat=511","category_name":"Latest News"},{"category_id":137,"category_link":"https:\/\/www.caravanalive.com\/?cat=137","category_name":"News"},{"category_id":33,"category_link":"https:\/\/www.caravanalive.com\/?cat=33","category_name":"Trending"}],"tags":[{"tag_id":3237,"tag_link":"https:\/\/www.caravanalive.com\/?tag=bank-fraud","tag_name":"BANK FRAUD"},{"tag_id":2837,"tag_link":"https:\/\/www.caravanalive.com\/?tag=cbi","tag_name":"CBI"},{"tag_id":440,"tag_link":"https:\/\/www.caravanalive.com\/?tag=india","tag_name":"India"},{"tag_id":236,"tag_link":"https:\/\/www.caravanalive.com\/?tag=latest-news","tag_name":"Latest News"},{"tag_id":6903,"tag_link":"https:\/\/www.caravanalive.com\/?tag=neeraj-saluja","tag_name":"Neeraj Saluja"},{"tag_id":6905,"tag_link":"https:\/\/www.caravanalive.com\/?tag=neeraj-saluja-arrested-in-1530-crore-fraud-case","tag_name":"Neeraj Saluja arrested in 1530 crore fraud case"}],"class_list":["post-155088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article","category-business","category-india","category-latest-news","category-news","category-trending","tag-bank-fraud","tag-cbi","tag-india","tag-latest-news","tag-neeraj-saluja","tag-neeraj-saluja-arrested-in-1530-crore-fraud-case"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u20b91,530-Crore Bank Fraud: Court Sends Ludhiana Industrialist Neeraj Saluja To Judicial Custody Till Nov 17! - Alive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.caravanalive.com\/?p=155088\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u20b91,530-Crore Bank Fraud: Court Sends Ludhiana Industrialist Neeraj Saluja To Judicial Custody Till Nov 17! - Alive\" \/>\n<meta property=\"og:description\" content=\"After being in CBI custody for five days, Ludhiana-based industrialist Neeraj Saluja was sent to judicial custody till November 17 on Thursday. 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