The CBI has booked Janta Glass Limited, its directors and others for allegedly causing wrongful loss of about ₹75 crore to the UCO Bank by diversion of funds raised through loans.
The company has its office in Mumbai and factory premises in Gujarat’s Vadodara. Among the 10 accused are chairman Jayantilal Mehta, managing director Umesh Mehta and joint managing director Niraj Mehta, besides three other companies.
It is alleged that the company, its directors, loan guarantors and unknown bank officials cheated the UCO Bank’s Nariman Point branch in Mumbai. They fraudulently opened accounts in the name of vendors ...
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