CBI REGISTERS A CASE AGAINST A PRIVATE COMPANY & OTHERS ON THE ALLEGATIONS OF CHEATING THE BANKS, AND CONDUCTS SEARCHES


 

Press Release
New Delhi, 09.11.2020

The Central Bureau of Investigation has registered a case against Mandsaur (Madhya Pradesh) based private company and others including its Directors & unknown public servants / private persons on the allegations of cheating the consortium of UCO Bank (lead bank), Corporation Bank (now merged with Union Bank of India) and Punjab National Bank during 2011-2013 through various activities such as diversion of funds, submission of false financial statements etc. and thereby caused loss of Rs.106.56 Crore (approx) to the said banks.

Searches were conducted at the premises of accused at Indore and Mandsaur (Madhya Pradesh).

Investigation is continuing.

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