New Delhi, Oct 1 (Inditop.com) The Central Bureau of Investigation (CBI) has registered a case against the promoter of a private hospital in Ghaziabad for allegedly cheating the State Bank of India of Rs.64.4 million, officials said Thursday.
“A case was registered against Dr. Kewal Kishan Sood, the promoter of the Raghuvir Hospital Private Limited on Hapur Road in Ghaziabad, last week,” a CBI official said here.
According to the investigating agency, the hospital was sanctioned a term loan of Rs.64.4 million by the State Bank of India’s commercial branch in Nehru Place, New Delhi two years ago for setting up a 150-bed hospital at Delhi-Hapur bypass in Ghaziabad.
“The loan, which was to be used for construction of hospital building and purchase of medical equipments, was not utilised for the intended purposes and instead the promoter of the hospital diverted and siphoned off the loan amount through the accounts of two of his companies,” the official added.
“False invoices of both these companies were submitted to the bank to show purchase of medical equipments. Sood’s house has been searched and several incriminating documents were seized,” the official added.
