Rs 210-crore bank fraud case: CBI books Chandra Proteco and its directors
Summary
The CBI has registered an FIR against Chandra Proteco Limited and its directors over an alleged bank fraud of Rs 210.13 crore involving five banks. The case follows a complaint by Indian Bank, which alleged that the company obtained loans and letters of credit worth Rs 541.46 crore from a consortium of six banks and diverted funds through associate companies. The agency also conducted searches at premises linked to the directors in Prayagraj.
Description from Times of India.
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Rs 210-crore bank fraud case: CBI books Chandra Proteco and its directors
The CBI has registered an FIR against Chandra Proteco Limited and its directors over an alleged bank fraud of Rs 210.13 crore involving five banks. The case follows a complaint by Indian Bank, which alleged that the company obtained loans and letters of credit worth Rs 541.46...
