CBI Registers FIR Against Gujarat-Based Oil Company, Searches 6 Locations

Besides the company, the agency has named as accused its directors Jayeshbai Chandubhai Patel, Mukeshkumar Naranbhai Patel, Ditin Narayanbhai Patel and Mona Jigneshbhai Acharya in its FIR, the officials said.

The CBI on Tuesday carried out searches at six locations after registering an FIR against Mehsana-based Vimal Oil and its directors in an alleged fraud of Rs 678.93 crore in Bank of India, officials said. Teams of the Central Bureau of Investigation (CBI) conducted the searches at premises of the company and the accused in Ahmedabad and Mehsana in Gujarat. Besides the company, the agency has named as accused its directors Jayeshbai Chandubhai Patel, Mukeshkumar Naranbhai Patel, Ditin Narayanbhai Patel and Mona Jigneshbhai Acharya in its FIR, the officials said. "It was alleged that the accused were sanctioned various credit facilities amounting to Rs. 810 crore (approx) by a consortium of Bank of India (lead bank) and eight member banks," CBI spokesperson RC Joshi said.