New Delhi: The Central Bureau of Investigation has registered a case on a complaint from State Bank of India, New Delhi against a private company (Borrower company) and others including its Directors and Promoters for causing an alleged loss of Rs. 1028.94 crore (approx.) to SBI and other consortium member banks.
It has been alleged in the complaint that the accused including private company and its Directors had cheated the SBI and other consortium member banks including Central bank of India, Axis Bank, Standard Chartered Bank, Karnataka Bank, Punjab National Bank, ICICI Bank by way of diversion of bank funds; sham transactions with related parties; borrowing funds from the Bank by misrepresentation; falsifying/fabricating books of accounts, entries, vouchers & financial statements; furnishing false, incorrect or misleading information and siphoning off funds including various loan proceeds. The allegations were based on forensic audit report.
Searches are being conducted today at seven locations at the premises of accused at Delhi, Noida, Gurugram and Bulandshahr.