CBI carried out searches on the premises of the corporate and its administrators (File)
New Delhi:
The CBI on Thursday carried out searches at 19 premises in Delhi-NCR and Bengaluru after registering an FIR towards Faridabad-based SRS Group of Corporations and its administrators for allegedly defrauding Canara Financial institution to the tune of Rs 135 crore, officers mentioned.
“It was alleged that the mentioned borrower group of corporations had availed time period loans from the financial institution. It was additional alleged that the borrower defrauded the financial institution and diverted the funds by not routing the proceeds of sale/reserving of the flats by accounts maintained with the financial institution,” CBI spokesperson RK Gaur mentioned.
Apart from the corporate, the company has booked its administrators Anil Jindal, Rajesh Singla, Nanak Chand Tayal, Bishan Bansal, Vinod Jindal and Jitender Kumar, they mentioned.
The searches had been carried out on the premises of the corporate and its administrators in Delhi, Faridabad and Bengaluru, they mentioned.
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