CBI searches 3 locations in Delhi in Rs 1,800-crore bank fraud case

CBI searches 3 locations in Delhi in Rs 1,800-crore bank fraud case

IndiaTimes

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The CBI on Friday carried out searches at three locations here after booking Jay Polychem Ltd in a Rs 1,800-crore alleged bank fraud in the State Bank of India, officials said. The agency has received a complaint from the SBI against the Lajpat Nagar-based company and its promoters and directors for causing a loss of Rs 1,800.72 crore to a consortium led by the bank, they said.

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