WEB DESK
The Central Bureau of Investigation, CBI Friday conducted searches at two place in Noida and one place in Delhi related to a bank cheating case.
CBI has registered a case on a complaint from Bank of Baroda, New Delhi against M/s Sidhdata Ispat Pvt. Ltd., M/s Govardhan Industries Pvt. Ltd., M/s Shri Sidhdata Steel Tubes, M/s Sudershan Tubes and others including private persons.
It was alleged in the complaint that the accused cheated Bank of Baroda to the tune of 190 crore rupees (excluding interest) by way of availing various credit facilities, on the basis of submitting fake documents to the bank. The company also diverted the funds fraudulently for the purpose other than for which the same were sanctioned.