In another case of a businessman fleeing the country after taking a huge loan, a Surat couple allegedly fled to the US after taking a loan of ₹100 cr over time from the Bank of Baroda.

Vijay and Kavita Shah, along with Satish Agrawal allegedly took the huge loan from the bank and have now fled the country. Vijay Shah and Satish Agrawal were the directors of the Hitech Sweet Water.

Agrawal removed as director

Before the trio left the country, an employee of the company was made the director to avoid serious charges, according to reports. 

Apart from the banks, some others have come forward, accusing the trio of taking their money and not repaying it. One of the complainant said that they had proof, and had filed their complaint to Gandhinagar CBI.

The case was then passed on to the Surat Economic Offence crime branch for further investigation.

Prior cases on Shah

Sources said that one of the money lenders had even written a letter to the prime minister. There have been multiple complaints against Shah before.

Fraud cases have been filed against him in Rajasthan’s Ajmer and Jaipur in a case related to land in Gujarat’s Ankleshwar GIDC.

A case was also filed against him in Oct 2017 where he allegedly sold an apartment to two people at the same time. 

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