CBI books Best Foods Ltd for Rs 1006 cr bank fraud, conducts searches at four locations


PTI | New Delhi | Updated: 10-11-2020 20:02 IST | Created: 10-11-2020 20:02 IST
CBI books Best Foods Ltd for Rs 1006 cr bank fraud, conducts searches at four locations
  • Country:
  • India

The CBI on Tuesday conducted searches at the offices of Best Foods Limited and residences of its chairman and managing director for alleged bank fraud to the tune of Rs 1006.46 crore in a consortium led by State Bank of India, officials said on Tuesday

They said the agency has invoked IPC sections related to cheating, criminal misappropriation, criminal conspiracy, criminal misconduct and forgery against Best Foods Limited for alleged diversion of credit funds during April 01, 2015 to March 31, 2018

They said the search operation started in the morning at four locations -- the company's offices in Chandigarh and New Delhi, and residences of chairman Mohinder Pal Jindal and managing director Dinesh Gupta in Karnal.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback