CBI ARRESTS SEVEN ACCUSED INCLUDING BANK OFFICIALS AND DIRECTORS OF PRIVATE COMPANY IN AN ON-GOING INVESTIGATION OF A BANK FRAUD CASE OF RS.15 CRORE(APPROX)

Press Release
New Delhi, 19.03.2018

The Central Bureau of Investigation has arrested two then Managers of State Bank of India; then Manager of Canara Bank and four private persons including Directors of Kolkata based private company in an on-going investigation of a Bank fraud case.

CBI had registered a case on the allegation that during the year 2013-14, the Directors of kolkata based private company entered into a criminal conspiracy with 3 Bank Officials of State Bank of India and Canara Bank to defraud SBI, Industrial Finance Branch, Kolkata to the tune of Rs.15 crore (approx) by discounting 3 bills under fake & forged Letter of Credits, purportedly issued by Canara Bank, Dena Bank and SBBJ.

The arrested accused were produced today before the Special Judge, Court No-1, CBI Cases, Bichar Bhawan, Kolkata and remanded to three days Police Custody.


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