FIR registered against Kotak Mahindra bank for alleged cheating


Mumbai: Alleging cheating, conspiracy and forgery of documents an FIR has been registered against Kotak Mahindra Bank Ltd and six others including Managing Director Uday S Kotak on Sunday.

As per reports, the direction for registering the FIR was given by Metropolitan Magistrate, New Delhi after a complaint was filed by Bhupendra Bagla under Section 156(3) read with complaint under Section 190 read with Section 200 of Cr.PC against Kotak Mahindra Bank Ltd. and others.

The Court, in their order on October 14, observed that Kotak Mahindra Bank at New Delhi allegedly offered an unsecured loan of Rs 50 lakhs to M/s. Cogent Ventures (India) Ltd, informed sources.

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