CBI Charges Textiles Major With Rs 1,245 Crore Bank Fraud
NDTV
Following registration of the FIR, the central agency on Wednesday searched 13 locations in Maharashtra, Gujarat and West Bengal linked to the accused and recovered "incriminating documents".
The CBI has booked textiles major S Kumars Nationwide Limited (SKNL) and 14 others including its promoters and directors for an alleged bank fraud worth Rs 1,245 crore, officials said Wednesday.
Following registration of the FIR, the central agency on Wednesday searched 13 locations in Maharashtra, Gujarat and West Bengal linked to the accused and recovered "incriminating documents", CBI Spokesperson RC Joshi said.
He said the company was engaged in the business of manufacturing high-value fine cotton fabrics and home textiles.
The company had availed credit from a consortium of banks led by IDBI bank.
