The Central Bureau of Investigation has registered two separate cases filed by Canara Bank and State Bank of India regarding fraud to the extent of Rs 7,926.01 crore and Rs 313.79 crore, respectively. The first case was registered against a Hyderabad based private company, its CMD, additional Directors, unknown public servants and others on a complaint filed by Canara Bank.
It was alleged that the private firm had availed credit facilities using multiple banking arrangements. A consortium was formed with other banks, led by Canara Bank. It was further alleged that the accused ...
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