CBI Searches 10 NCR Locations in Corporation Bank Cheating Case
Three cases of cheating and forgery were filed against private companies for causing loss to the Corporation Bank.
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The CBI on Friday carried out searches at 10 locations in the national capital region after registering three cases of cheating and forgery against private companies for causing a loss of Rs 9 crore to the Corporation Bank.
The agency had registered three separate cases on a complaint from Corporation Bank against two then chief managers, director and proprietor of private firms, middlemen, an advocate and others on allegations of criminal conspiracy, cheating and forgery among others
CBI spokesperson
The accused allegedly floated various firms, took loans on the basis of fraudulent documents and managed to get loans sanctioned
CBI spokesperson
It is alleged that some private firms played important roles by providing false reports to get the loans sanctioned.
Corporation Bank gave loans to the tune of Rs 9 crore on the basis of false, fake and forged documents
CBI spokesperson
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