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CBI registers case on a Faridabad based private company and others for causing an alleged loss of over Rs.236 crore rupees to Indian Overseas Bank

The Central Bureau of Investigation, CBI has registered a case on a complaint from Indian Overseas Bank against a private company based at Faridabad in Haryana and others for causing an alleged loss of over 236 crore rupees to the bank.

It was alleged that the accused had cheated the Bank by diversion of bank funds, submission of fabricated documents, criminal misappropriation and cheating. The agency said, searches were conducted at 14 locations at the office and residential premises of accused, including Borrower Company, which led to recovery of incriminating documents.

 

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