Face2News/Mumbai
The Central Bureau of Investigation (CBI) has registered a case dated 18.06.2026, based on the complaint of Indian Bank, SAM Branch, Mumbai, against a Mumbai-based Firm, its partners, unknown public servants and unknown private persons.
It has been alleged that the accused persons entered into a criminal conspiracy, cheating and falsification of account by allegedly submitting inflated debtor figures and other false financial information to the banks and thereby obtained higher Cash Credit facilities from Indian Bank and another bank causing wrongful loss of approximately ₹62.42 crore to the complainant bank.
Following registration of the case, CBI conducted searches on 20.06.2026 at multiple premises linked to the partners of the Firm in Mumbai and other locations, pursuant to search warrants issued by the Hon’ble Special Court for CBI Cases, Mumbai.
During the searches, incriminating documents relevant to the investigation were recovered and seized. Preliminary scrutiny of the seized material indicates existence of debtor entities whose credentials are under verification. Documents relating to the alleged inflation of debtor figures for availing enhanced credit facilities have also been seized.
Investigation is continuing to ascertain the full extent of the conspiracy, identify the role of all involved persons, including public servants and private individuals, and trace the end-use of the loan funds.
Chandigarh
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