Fake bank guarantee fraud

The CBI arrested Govind Chandra Hansda and Mohammad Feroz Khan, senior executives of Punjab National Bank (PNB) by brushing a false bank guarantee scam of Rs 183.21 crore. The case is related to three projects worth Rs 974 Crore to Madhya Pradesh Jal Nigam Limited (MPJNL) by Indore Company Mrs Tirtha Gopicon Limited. Let us know that in the year 2023 Messrs Tirtha Gopicon Limited acquired three projects worth Rs 974 Crore from Mpjnl in Madhya Pradesh. To support these contracts, the company deposited 8 false bank guarantee of Rs 183.21 crore. After the Supreme Court order, the CBI action should be told that the CBI, after the Madhya Pradesh -High Court, registered three separate cases on May 9, 2025 and began investigating the information, according to the preliminary verification, MPJNL was sent to the Post as PNB officials and the bank guarantee was confirmed. After this false confirmation, MPJNL gave three contracts worth Rs 974 crore to this company. On June 19 and 20, 2025, the CBI investigation was issued by the CBI team 23 places in Delhi, Western Bengal, Gujarat, Jharkhand and Madhya Pradesh. At the same time, on June 19 and 20, 2025, senior executives of PNB Govind Chandra Hansda and Mohammad Feroz Khan were arrested in this case. Thereafter, both the accused in Calcutta Court were produced and brought to Indore about the transition of the transit, where they were questioned. Investigations have revealed that a syndicate in Calcutta systematically creates false bank guarantee and uses it for government contracts. Explain that the CBI investigation is still underway and efforts are being made to find the network of this syndicate. Share this story -tags