New Delhi, April 13 (FN Agency) Central Bureau of Investigation (CBI) has registered a case against a private company registered in Mumbai and 14 people including promoters, directors and unknown public servants in an alleged bank fraud. CBI received a complaint from IDBI Bank at Colaba in Mumbai, against a private company having its manufacturing units at Dewas in Madhya Pradesh and Gujarat and 14 others regarding alleged bank fraud, said CBI spokesperson.
The complaint was filed by the IDBI Bank and also on behalf of four other member banks of the consortium, Central Bank of India, Jammu & Kashmir Bank, Punjab National Bank and Indian Bank. The complainant alleged that this company and its promoters and directors in conspiracy with others committed fraud by availing various credit/ loan facilities from a consortium of banks led by IDBI Bank and misusing the bank funds during the period from 2012 to 2018, and thereby caused loss of Rs 1245.15 crore to the banks, said CBI. Searches were conducted at 13 locations including Maharashtra, Gujarat and West Bengal at the premises of the accused which led to recovery of incriminating documents.