CBI registers a case against private company & others on the allegations of bank fraud of rs. 192.48 crore (approx) and conducts searches
The Central Bureau of Investigation has registered a case on a complaint from Bank of India against a private company (borrower company) & others including Managing Director, Directors/Guarantors and unknown public servants for causing an alleged loss of Rs. 192.48 crore (approx) to Bank of India. The accused private company was said to have been engaged in activities relating to post production services in entertainment and media industry. It was alleged in the complaint that the said accused had cheated the Bank of India by submitting fabricated / inflated / bogus invoices without having any genuine business transactions for availing the loan funds and thereafter diverting the same.
Searches were conducted today at 02 locations in Delhi at the premises of accused which led to recovery of incriminating documents / articles.
Investigation is continuing.