Lok Sabha Question No. 3441 (UNSTARRED), answered on 2015-12-18
Subject: Fraudulent Companies
Ministry: FINANCE
Asked by: PINAKI MISRA

3441 . Shri PINAKI MISRA:

Will the Minister of FINANCE be pleased to state:

- a) whether certain companies have been fraudulently taken huge loans from the consortium of banks;
- b) if so, the details thereof;
- c) whether any action has been taken/being taken by the Government against such companies officials involved therein; and
- d) if so, the details thereof?

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION NO . 3441

TO BE ANSWERED ON THE 18 th December,2015/Agrahayana 27,1937 (SAKA)

## FRAUDULENT COMPANIES

## QUESTION

## ANSWER

The Minister of State in the Ministry of Finance

(SHRI JAYANT SINHA)

(a) & (b): Details of the advance related fraud cases of Rs 1 Lakh and above informed by Reserve Bank of India(RBI) are as under:

| Advance related fraud cases of Rs1 lakh and above reported under the heading "Cheating and Forgery"   | Advance related fraud cases of Rs1 lakh and above reported under the heading "Cheating and Forgery"   | Advance related fraud cases of Rs1 lakh and above reported under the heading "Cheating and Forgery"   | Advance related fraud cases of Rs1 lakh and above reported under the heading "Cheating and Forgery"   | Advance related fraud cases of Rs1 lakh and above reported under the heading "Cheating and Forgery"   | Advance related fraud cases of Rs1 lakh and above reported under the heading "Cheating and Forgery"   | Advance related fraud cases of Rs1 lakh and above reported under the heading "Cheating and Forgery"   | Advance related fraud cases of Rs1 lakh and above reported under the heading "Cheating and Forgery"   |
|-------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|
| 2012-13                                                                                               | 2012-13                                                                                               | 2013-14                                                                                               | 2013-14                                                                                               | 2014-15                                                                                               | 2014-15                                                                                               | April 2015- Sep 2015                                                                                  | April 2015- Sep 2015                                                                                  |
| No of cases                                                                                           | Amount involved in crore                                                                              | No of cases                                                                                           | Amount involved in crore                                                                              | No of cases                                                                                           | Amount involved in crore                                                                              | No of cases                                                                                           | Amount involved in crore                                                                              |
| 1482                                                                                                  | 3870.81                                                                                               | 1520                                                                                                  | 5591.26                                                                                               | 1651                                                                                                  | 11083.11                                                                                              | 861                                                                                                   | 4920.03                                                                                               |

(c) & (d): On receipt of fraud reports from banks, various aspects related to the frauds are examined and concerned banks are advised to report the case to Central Bureau of Investigation(CBI)/ Police/ Serious Fraud Investigation Office(SFIO) and take further action against the companies and the persons involved.

--------------