Harresh Mehta, CMD, Rohan Lifespaces Ltd
The Central Bureau of Investigation (CBI) has arrested a top South Mumbai builder for allegedly cheating the State Bank of India (SBI) of Rs 280 crore.
The accused identified as Harresh Mehta of Rohan Lifespaces Ltd, was nabbed by the Economic Offences Wing (EOW) of the CBI.
The officials further mentioned that the investigation was initiated in 2016 after receiving a complaint from SBI against several accused including government servants and directors of a firm named Rajput Retail Limited (RRL).
“The complaint states that the directors of the firm RRL took a loan from SBI and defrauded the bank to the tune of Rs 280 crore,” they added.
Further, the investigation in the case led to the role of Harresh Mehta of Rohan Lifespaces Ltd, and Rohan Constructions Ltd.
Searches were conducted at the offices and residences of Mehta and Ruby Mills Ltd by CBI officials.
According to CBI investigations, Harresh Mehta created shell companies after taking the loan and then transferred the amount of Rs 155 crore to these fake firms.
Some SBI employees are also suspected to be involved in the loan scam and the CBI is carrying out further investigations in the matter.
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