CBI conducts searches across 10 locations in Delhi-NCR in Corporation Bank case

Updated On : 02 Jun , 2017 , 07:50 AM
CBI
CBI
New Delhi:

CBI on Thursday searched 10 locations in the national capital region after registering three cases of cheating and forgery against private companies for causing a loss of Rs nine crore to the Corporation Bank.

According to CBI spokesperson, the agency registered three separate cases on a complaint from Corporation Bank against two then chief managers, director and proprietor of private firms, middlemen, an advocate and others on allegations of criminal conspiracy, cheating and forgery among others, a CBI spokesperson said.

ALSO READ | Money laundering case: CBI questions Delhi minister Satyendar Jain

The accused allegedly floated various firms, took loans on the basis of fraudulent documents and managed to get loans sanctioned, he said.

It is alleged that some private firms played important roles by providing false reports to get the loans sanctioned.

Corporation Bank gave loans to the tune of Rs nine crore on the basis of false, fake and forged documents, he said.

(WITh PTI Inputs)

First Published : Friday, June 02, 2017 07:33 AM

POPULAR TAGS:

Download the News Nation Mobile App and stay connected with top stories from India and around the world. Available on Android and iOS.