It has been alleged that Khan as proprietor of SK Enterprises had availed credit facility of Rs 2,00,00,000 from the complainant bank. In order to secure the credit facility, a property at Old Rajinder Nagar in the name of Deepa Batra was offered as collateral, the officer said.
This would enable exporters and importers to invoice and pay in their respective domestic currencies enabling the development of a bilateral foreign exchange