CBI Registers ₹210 Crore Bank Fraud Case Against Private Company, Searches Directors’ Premises In Prayagraj
Mumbai, October 29, 2026: The Central Bureau of Investigation (CBI) has registered a case on the complaint of Indian Bank’s Stressed Asset Management Branch, Mittal Chamber, Nariman Point, Mumbai, against a private company and its three directors for allegedly causing a loss of Rs 210 crore to a consortium of five banks. The agency has registered a case involving alleged criminal conspiracy to…
The Central Bureau of Investigation (CBI) carried out searches at multiple locations in Pune on Thursday, as part of a bank fraud investigation against a media organization. The case was registered by the State Bank of India (SBI) in Mumbai, accusing the media organization, its directors, and unknown public servants of criminal conspiracy, cheating, criminal breach of trust, and manipulation of accounts, leading to a loss of ₹81.66 crore for the bank.
Allegations include misappropriation and diversion of funds through current accounts outside sanctioned channels, without the consent of consortium lenders. During the searches, incriminating documents and digital evidence were seized and are being analyzed to determine the scope of the alleged conspiracy and the involvement of all parties.
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