Mumbai: CBI conducted searches at multiple premises linked to five directors of a private company, Furnace Fabrica (India), in Maharashtra and Kerala in connection with an alleged Rs 134 crore SBI bank loan fraud case.CBI alleged that the accused entered into a criminal conspiracy and secured higher credit facilities from SBI by submitting false financial…
Corruption unearthed at Gondia’s Birsi airport Nagpur: A top Airports Authority of India (AAI) official at Gondia’s Birsi airport has been named in an FIR by CBI’s anti-corruption branch for criminal misconduct and fudging books to siphon off Rs 1.15 crore for himself and a contractor, M/s Raisingh & Company. The AAI official, Sanjeev Kumar…
Ahmedabad: The CBI has booked senior manager of Indian Oil Corporation Ltd (IOCL) for allegedly siphoning Rs 1.5 crore using fake payment vouchers, misuse of SAP IDs and showing fraudulent payments to vendors.According to the FRI registered with CBI Gandhinagar unit, Sejal Kolhatkar, senior manager (finance) at IOCL’s refinery in Vadodara between March 2024 and…
Mumbai: Observing that a calculated financial fraud is serious and a threat to the economy, and the accused cannot be shown any leniency, a special court on Thursday convicted and sentenced to three years of imprisonment two directors of a garment firm for defrauding Bank of Baroda of more than Rs 4 crore in 2013.Special…
