CBI books food export firm, directors in alleged Rs 819-cr banking fraud
The CBI has booked a Delhi-based food export firm and its directors in an alleged fraud of Rs 819 crore and carried out searches on a complaint from SBI on behalf of a consortium of banks, officials said on Thursday.
The agency has alleged that Radikal Foods Limited, which has its office in Saket, and its directors -- Siddharth Chaudhary and Anju Chaudhary -- availed credit facilities to the tune of Rs 732 crore and cheated SBI and other members of the consortium by way of forgery and using forged documents, they said.
The CBI has filed an FIR against the company and both its directors, and carried out searches at their premises, the officials said.
The consortium comprises State Bank of India (SBI), Indian Overseas Bank, Oriental Bank of Commerce, Exim Bank, Bank of India, IDBI Bank, Bank of Maharashtra, CSB Bank, Vijaya Bank (now Bank of Baroda) and UCO Bank, an official said.
The official said that "an alleged loss of Rs 819.48 crore (approximate) as on April 1, 2018, was caused to the banks."
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