CBI conducts searches in graft case against U.P. firm

It is alleged that the company availed itself of packing credit from the banks on the basis of fake purchase order from an associated concern

The Central Bureau of Investigation (CBI) on Thursday conducted searches in connection with a case against a Bulandshahr-based private firm in Uttar Pradesh and others for alleged bank fraud of ₹424.07 crore.

“The searches were carried out in Bulandshahr and Delhi. Santosh Overseas Limited, its director Sunil Mittal and unknown public servants have been accused of cheating an IDBI Bank-led consortium of seven banks,” said a CBI official.

Read More : https://www.thehindu.com/news/national/other-states/cbi-conducts-searches-in-graft-case-against-up-firm/article31974496.ece