CBI REGISTERS A CASE AGAINST A DELHI BASED PRIVATE COMPANY ON THE ALLEGATIONS OF BANK FRAUD OF RS.168.73 CRORE(APPROX) AND CONDUCTS SEARCHES

Press Release
New Delhi, 04.01.2021

The Central Bureau of Investigation has registered a case on a complaint from Punjab National Bank against a private company (borrower company) based at New Delhi and others including its Directors / Guarantors & unknown public servants/private persons for causing an alleged loss of Rs. 168.73 crore(approx) to Punjab National Bank. It was alleged that the said accused had cheated the Punjab National Bank by way of diversion of bank funds, fraudulent transactions, criminal misappropriation etc.

Searches were conducted at 05 locations in Delhi at the office & residential premises of Borrower Company and other accused.

Investigation is continuing.

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