Mohali:- The CBI court in Mohali has convicted Sameer Dua in a bank fraud case worth Rs 4 crore. A special CBI court in Mohali, Punjab has convicted Sameer Dua in a multi-crore bank fraud case and sentenced him to three years of rigorous imprisonment and a fine of Rs 15,000.
According to government sources, the CBI had registered a case of conspiracy to defraud Indian Overseas Bank against Dilip Dua, partners of M/s GD Ispat Udyog, based in Mandi Gobindgarh, and Sameer Dua, among others. Investigation revealed that the accused had obtained a cash credit limit of Rs 4 crore from the bank by giving false and fabricated information.
Which caused a considerable financial loss to the bank. After the trial, the court convicted Sameer Dua and sentenced him. The proceedings against co-accused Dilip Dua were dropped after his death.