CBI registers case against Hyderabad-based company for causing loss of Rs 1285.45 cr to bank ...Middle East

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The Central Bureau of Investigation (CBI) on Saturday said that it has registered a case against a private company based at Hyderabad on allegations of causing loss to bank to the tune of approximately Rs 1285.45 crore. "The Central Bureau of Investigation has registered a case against a Private Company based at Hyderabad and others including its Directors and unknown public servants. It was alleged that the said private company represented by its directors availed financial credit limits by way of a term loan of Rs 678.89 crore and NFBL of Rs 50 crore under consortium arrangement led by Bank of Baroda, Hyderabad between 2009 to 2015," it said.

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