New Delhi, August 22,2020: The Central Bureau of Investigation has registered a case against a Private (Borrower) Company based at Morena (Madhya Pradesh) and others including MD, Promoter/Director of said company & unknown others on a complaint from SBI regarding bank fraud of Rs. 938.81 crore (approx).It was alleged that the findings of the forensic audit indicated that the financials of the company while applying for loan facilities were inflated. It was further alleged that the loan amount was misappropriated through fraudulent diversion. Searches are being conducted today in Morena & Delhi at the premises of the accused.
Name of the accused:-
M/s K.S. Oils Ltd (Borrower Company), Jiwaji Ganj, Morena (Madhya Pradesh) and others, including MD, Promoter/Directors of said company.
The investigation is continuing.