The Central Bureau of Investigation has registered a case on a complaint from Bank of India against a private company (Borrower company) based at Delhi and others including its Directors, and other unknown persons for causing an alleged loss of Rs.1400.62 crore (approx.) to Bank of India and other consortium of banks. It was alleged in the complaint that the said accused had cheated the Bank of India led consortium comprising BOI (lead bank), Canara Bank, BoB, Andhra Bank, Corporation Bank, IDBI, Central Bank of India, Dhanlaxmi Bank, Syndicate Bank to the tune of Rs.1400.62 core (approx.) by way of diversion of bank funds, sham transactions with related parties, fabricated documents/receipts, falsified books of accounts, created false assets and liabilities etc.
Searches conducted at 08 locations including at Delhi, Saharanpur, Bulandshahr (Uttar Pradesh), Ajmer (Rajasthan), Palwal (Haryana) etc. at the premises of private company & other accused.