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Hyderabad-based infra firm IVRCL booked by CBI for defrauding Rs 4837 Crore
Posted
December 31, 2020
Views
1,475
Likes
11
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0.75%
December 31, 2020
1,475
11
0.75%
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1:48Now PlayingHyderabad based firm IVRCL is booked by the CBI for committing a bank fraud of Rs 4,837 crore. CBI has booked the firm and its directors based on a complaint filled by State Bank of India. On Wednesday CBI conducted searches in the infrastructure firm's premises. The CBI spokesperson said:
"It was alleged that the accused in connivance with unknown public servants and others defrauded the consortium of public sector banks, consisting of State Bank of India, IDBI Bank, Canara Bank, Andhra Bank, Corporation Bank, EXIM Bank, Punjab & Sind Bank, Union Bank of India and caused a loss of Rs 4,837 crore to the banks,"
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