CBI Charges Director, CEO Of Golden Jubilee Hotels In Bank-Loan Default Case

Arjun Singh Oberoi is also the managing director of EIH Limited, which runs hotel chains Oberoi, Trident and Maidens.

The CBI has charged Arjun Singh Oberoi, director, Golden Jubilee Hotels, along with its CEO and managing director Laxmi Narayan Sharma, in connection with alleged cheating in a loan default of over Rs 1,285 crore in a consortium of seven banks led by the Bank of Baroda, officials said on Thursday. The agency has also carried out searches at various locations in Hyderabad in connection with the case, they added. Oberoi is also the managing director of EIH Limited, which runs hotel chains Oberoi, Trident and Maidens. Besides Oberoi and Laxmi Narayan Sharma, the Central Bureau of Investigation (CBI) has also named Neha Gambhir and Yashdeep Sharma in the case registered under the Indian Penal Code (IPC) sections related to criminal conspiracy and cheating, besides provisions of the Prevention of Corruption Act.