The case was registered following a criticism from PNB.
New Delhi:
The Central Bureau of Investigation (CBI) on Thursday registered a case towards a personal (borrower) firm and others on the allegations of inflicting an alleged lack of roughly Rs 826.17 crore to Punjab Nationwide Financial institution (PNB) and different consortium banks.
The case was registered following a criticism from PNB.
In line with the official launch, it’s alleged within the criticism that the accused firm had cheated the PNB led consortium banks by means of diversion/siphoning off financial institution funds and so forth.
The alleged firm is predicated at Secunderabad, Rangareddy in Telangana and has places of work at different areas.
In reference to case, CBI on Thursday carried out searches at places of work and residential premises of borrower firm and different accused at 11 areas together with Hyderabad, Mumbai and West Godavari in Andhra Pradesh.
Additional investigation is underway.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)
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