Ludhiana, July 28 -- Three city-based businessmen have been booked by the Division No. 2 police for allegedly defrauding Indian Bank of Rs.68.91 crore. The FIR also names two unidentified private individuals and two unidentified public servants for their alleged involvement in the case.

The accused have been identified as Dharampal Jain, Jainender Jain and Anju Jain. The complaint was lodged by Sandeep Rathi, chief manager of Indian Bank's stressed assets management vertical branch in Chandigarh.

According to the complaint, Dharampal Jain and Jainender Jain, partners in Shree Vallabh Exports and Shree Vallabh Overseas, and Anju Jain, proprietor of A and J Impex, had availed various credit facilities from the bank. The bank alleged that ...