CBI REGISTERS A CASE AGAINST FARIDABAD BASED GROUP OF COMPANIES & OTHERS INCLUDING DIRECTORS ON THE ALLEGATIONS OF BANK FRAUD OF RS. 135.15 CRORE (APPROX), AND CONDUCTS SEARCHES


 

Press Release
New Delhi, 16.07.2020

The Central Bureau of Investigation has registered a case against Faridabad based private Group of companies & its Directors and others including unknown public servants on a complaint from Canara Bank on the allegations of fraud of Rs. 135.15 crore (approx).

It was alleged that the said Borrower group of companies had availed term loans from the bank. It was further alleged that the Borrower defrauded the bank and diverted the funds by not routing the proceeds of sale / booking of the flats through accounts maintained with the bank.

Searches were conducted today at 19 locations including Delhi, Faridabad and Bengaluru at the premises of accused which led to recovery of incriminating documents / material.

Investigation is continuing.

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