CBI searches 19 premises of the SRS group and its administrators in a case of bank fraud

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CBI carried out searches on the premises of the company and its directors (File)

New Delhi:

The CBI carried out searches in 19 premises in Delhi-NCR and Bengaluru on Thursday after registering an FIR against the SRS Group of Companies based in Faridabad and its directors for allegedly defrauding the Canara Bank up to Rs 135 crore, said officials.

“It was alleged that the said group of borrowing companies had availed themselves of the bank’s term loans. It was further alleged that the borrower had defrauded the bank and embezzled the funds by not channeling the proceeds of the sale / reservation of apartments on accounts held with the, “said CBI spokesperson RK Gaur.

In addition to the company, the agency has reserved directors Anil Jindal, Rajesh Singla, Nanak Chand Tayal, Bishan Bansal, Vinod Jindal and Jitender Kumar, they said.

The searches were carried out at the premises of the company and its directors in Delhi, Faridabad and Bengaluru, they said.

(With the exception of the title, this story was not edited by GalacticGaming staff and is published from a syndicated feed.)

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