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Consortium of banks suffer loss of over Rs 4,837 crore. Representational image
The Central Bureau of Investigation (CBI) has registered a case against a private company based at Hyderabad and others including its managing Director, Joint Managing Director, and unknown public servants/others on a complaint from State Bank of India, Hyderabad.
It was alleged that the accused in connivance with unknown public servants and others defrauded the consortium of Public Sector Banks, consisting of State Bank of India, IDBI Bank, Canara Bank, Andhra Bank, Corporation Bank, EXIM Bank, Punjab & Sind Bank, Union Bank of India and caused a loss of Rs. 4837 crore (approx).
CBI files case against IVRCL for Rs 4800 crore loan fraud : सीबीआई ने हैदराबाद की कंपनी आईवीआरसीएल के खिलाफ दर्ज किया मामला
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