INSUBCONTINENT EXCLUSIVE:
Hyderabad: The CBI has registered bank fraud case to the tune of Rs 7,926.01 crore on Friday, the biggest so far in India, against the
private firm based at Hyderabad and its directors had availed credit facilities on multiple banking arrangements
It was further alleged that the accused had involved in falsification/fabrication of books of accounts, fudging of stock statements,
tampering of balance sheets, round tripping of funds etc," the CBI said.The accused misappropriated bank funds and allegedly diverted the
loan amount sanctioned by the banks and caused loss of approximately Rs 7,926.01 crore to Canara Bank and other member banks
siphoned off Rs 6,000 crore while his uncle Mehul Choksi had swindled Rs 7,080.86 crore.
