Close on the heels of DBS complainthttps://forum.valuepickr.com/t/opto-circuits/330/63?u=pankaj_dharamshi, The Central Bureau of Investigation (CBI) in Bengaluru registered a case against Bengaluru-headquartered Opto Circuits (India) Limited (OCIL), a medical technology company, after State Bank of India (SBI) alleged that it had incurred a loss of Rs 354 crore because the firm falsified and forged documents while availing cash-credit facilities.
In his complaint filed on Monday evening, M Ramakrishna Shenoy, assistant general manager of State Bank of India, stressed assets management branch, said the company cheated the bank between 2011 and 2016 and identified the accused as OCIL; Vinod Ramnani, chairman and promoter director and his wife and former promoter director Usha Ramnani, residents of Kasavanahalli on Sarjapur Road; Jayesh Patel, promoter director and resident of California, US; Thomas Dietiker, promoter director, resident of California, and other unknown persons.