Last Updated on June 21, 2026 10:11 pm by BIZNAMA NEWS
AMN
The Central Bureau of Investigation, CBI has conducted searches at multiple premises linked to the partners of a Mumbai-based firm and other locations in connection with an alleged bank fraud of 62 crore 42 lakh rupees. In a statement, the CBI said the searches were carried out following the registration of a case on the 18th of this month on the complaint of Indian Bank’s SAM Branch, Mumbai. The agency has registered the case against the firm, its partners, unknown public servants and unknown private persons.
CBI said that the accused persons allegedly entered into a criminal conspiracy, cheating and falsification of accounts by submitting inflated debtor figures and other false financial information to the banks and obtained higher Cash Credit facilities from Indian Bank and another bank. It informed that during the searches, incriminating documents relevant to the investigation were recovered and seized. The documents relating to the alleged inflation of debtor figures for availing enhanced credit facilities have also been seized.