In a significant development, a special court in Mumbai has accepted the closure report filed by the Central Bureau of Investigation (CBI) in a Rs 67-crore fraud case against Bharatiya Janata Party (BJP) leader Mohit Kamboj. The case pertains to allegations of causing a loss of Rs 67 crore to the Bank of India through diversion of funds.
The CBI had registered a case against Kamboj in June 2020 after the public sector bank accused him and other entities of diverting the loan amount, originally provided to Avyaan Overseas Private Limited on the personal guarantee of Kamboj and others, for personal use with dishonest and malafide intentions.
After a thorough investigation, the CBI closed the case after three years without providing any specific reasons. The closure report was subsequently accepted by the special court. Following the acceptance of the report, Kamboj expressed his satisfaction, stating that all cases against him had been closed and he had received a clean chit from all agencies. He emphasized that no pending cases remained against him.
This recent development adds to a series of closure reports in various cases against Kamboj. Last December, the economic offenses wing of the city police had closed a Rs 52-crore cheating case against him, stating that no criminality was involved. The Indian Overseas Bank had initially lodged the complaint but later sought to withdraw it, citing the ongoing CBI investigation. However, the case was registered during the previous government’s tenure and subsequently closed after the change in administration.
According to the CBI’s FIR registered in 2020, the Bank of India had sanctioned a loan of Rs 67 crore to Avyaan Overseas Pvt Ltd, with Kamboj and others providing personal guarantees. The agency alleged that the borrower and guarantors diverted the funds for personal use, causing wrongful loss to the bank. The investigation revealed financial transactions between Kamboj’s company and related entities, which further supported the allegations.
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Kamboj eventually reached a one-time settlement with the bank, paying Rs 30 crore, and the remaining amount was written off. However, the case was subsequently transferred to the bank’s specialized assets recovery management branch, which filed a cheating case with the CBI. After the closure of the investigation, Kamboj now stands cleared of all allegations.
The acceptance of the closure report by the court marks an important milestone in Kamboj’s legal journey, bringing relief to him and highlighting the conclusion of multiple cases against him. The developments have generated discussions around the nature of these cases and their impact on the political landscape.