CBI unearths Rs 15,000 crore Bike Bot scam, lodges FIR against UP firm, promoter

The CBI has registered an FIR against an Uttar Pradesh-based firm and its executives to investigate Bike Bot scam to the tune of Rs 15,000 crore.

The Central Bureau of Investigation (CBI) has registered an FIR to investigate Bike Bot scam to the tune of Rs 15,000 crore, a financial swindle worth more than the Punjab National Bank fraud case involving diamond traders Nirav Modi and Mehul Choksi.

In the FIR, it has been alleged that Sanjay Bhati, Chief Managing Director of Uttar Pradesh-based Bike Bot, along with 14 others, cheated investors of around Rs 15,000 crore across the country.