PNB fraud case accused brought back from Oman

New Delhi, March 7

The CBI on Saturday brought Sunny Kalra, an accused in a Rs 10 crore bank loan fraud case, to the country from Muscat in Oman, after his deportation on the basis of an Interpol Red Corner Notice issued on the request of the agency in 2016, officials said.

It is alleged that Kalra, the director of White Tiger Steels Private Limited, took a loan of Rs 10 crore from the Punjab National Bank (PNB), but did not repay it.

He clandestinely removed the hypothecated goods, making it impossible for the bank to recover the outstanding loan amount. The case against Kalra, his wife and others was taken over by the CBI on December 16, 2015, they added. — PTI