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Former Maruti MD, Jagdish Khattar booked by CBI

Dec 24th, 2019 3:13 pm | By | Category: LATEST NEWS

Former Maruti Udyog Ltd Managing Director Jagdish Khattar has been booked by the CBI for allegedly cheating Punjab National Bank (PNB) of Rs 110 crore, by selling assets surrendered to the bank as security after the loan his company took was declared a non-performing asset (NPA).

The CBI registered the FIR on December 20 naming Khattar and his Delhi-based company Carnation Auto India Pvt Ltd on charges of criminal conspiracy, criminal breach of trust, cheating and criminal misconduct. The FIR came on a complaint filed by the PNB On October 17 this year.

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