A former director of a once prominent meat exporting firm, currently under liquidation, was arrested last month for allegedly swindling money taken as loan in the name of the company and selling homes on mortgaged land, the Delhi Police said on Wednesday.
The police identified the accused as Moshin Mohammad, the former director of MK Overseas Private Limited.
In 2021, Yes Bank had filed a police complaint against MK Overseas, accusing it of taking loans worth Rs 95 crore in 2016. Using the money, Moshin allegedly constructed flats on company-owned land that he had mortgaged to Yes Bank while taking the loan.
“The company mortgaged one of its properties located on 19C, Ansari Road,…
