Bengaluru-based Hypermart Steel booked for cheating banks
By IANS |
Published on
Wed, Jan 13 2021 20:57 IST |
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CBI raids in Delhi, UP, Raj, Haryana in Rs 1,400 cr bank fraud case. Image Source: IANS News
New Delhi, Jan 13 : The Central Bureau of Investigation (CBI) on Wednesday said that it has registered a case against Bengaluru-based Steel Hypermart India Pvt, its directors and several others for defrauding a consortium of banks led by Indian Bank to the tune of Rs 200.38 crore.
The agency also carried out searches at several locations in Karnataka, and Tamil Nadu.
A CBI official said that the agency registered a case against Steel Hypermart India Pvt and others, including its Directors Mahendra Kumar Singhi, Suman Mahendra Kumar Singhi, Chartered Accountant Mukesh Surana, and unknown public servants on a complaint from Indian Bank.