Allied Strips Limited Bank Fraud Case 2024: CBI registers case against Allied Strips (18 July)

Big news has come out in Allied Strips Limited Bank Fraud Case 2024 that CBI has registered a case against Allied Strips Limited Company as well as its promoters Mohinder Agarwal and Gaurav Agarwal on the matter of cheating the bank.

Allied Strips Limited Bank Fraud Case 2024: ED raided five cities of Delhi today on 18th July 2024, this raid was done for Rs 1392 crore, these cities are included in this raid (Delhi, Gurugram, Bahadurgarh, Jamshedpur, Mahendragarh), this raid of bank scam is being done against Mahendragarh MLA Raodan Singh and his family members, this case of cheating the bank has been handed over to CBI along with ED.

Why was this raid done?

A company named Allied Strips Limited, which is linked to Mahindergarh MLA Raodan Singh and his family members, had taken a loan of 1392 crores from the bank which was not repaid, due to which these raids are being conducted. During this raid, a case was also registered against the promoters of Allied Strips Limited, Mohinder Agarwal and Gaurav Agarwal.

Information about Ravanand Singh

Ravanand Singh is the MLA of Mahendragarh, whose house was raided by ED early in the morning, he was not even given time to think about the reason for this raid. ED also took along with it a force which included security personnel. The noose is being tightened on the close relatives of Ravanand Singh and all those who are involved in this fraud will be arrested. Bhupendra Singh is seen as a close aide of Ravanand Singh, against whom legal action will be taken. In the Lok Sabha elections, Congress had also given him a ticket from Bhiwani. Now the question is also coming up that whether Congress is also involved in this.

What will be its effect on the elections?

This time assembly elections are going to be held in Haryana, in which all the contestants are already busy working, in which till now Congress was looking strong in it, but due to the fraud case of Ravanand coming to light, this issue was definitely raised by the opposition, due to which the number of their voters may also decrease.

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