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CBI charges dairy products firm Kwality with Rs 1,400-crore bank fraud

The CBI has registered the case against Kwality and its directors Sanjay Dhingra, Siddhant Gupta, Arun Srivastava, besides other unidentified persons

Topics
Kwality | dairy products | Central Bureau of Investigation

Press Trust of India  |  New Delhi 

CBI
The CBI has registered the case against Kwality and its directors.

The (CBI) conducted searches at eight locations after booking Delhi-based company and its directors for allegedly cheating a Bank of India (BoI)-led consortium, causing a loss of over Rs 1,400 crore, officials said.

The CBI has registered the case against and its directors Sanjay Dhingra, Siddhant Gupta, Arun Srivastava, besides other unidentified persons, they said.

“It was alleged in the complaint that the said accused had cheated the Bank of India-led consortium comprising BoI (lead bank), Canara Bank, BoB, Andhra Bank, Corporation Bank, IDBI, Central Bank of India, Dhanlaxmi Bank, Syndicate Bank to the tune of Rs 1400.62 core (approx.),” CBI spokesperson R K Gaur said.

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First Published: Tue, September 22 2020. 00:26 IST
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