Tirupati Infraprojects: The Central Bureau of Investigation (CBI) registered an FIR against the company on May 25, 2022, for allegedly causing a loss to the tune of Rs 289.15 crore to a consortium of public sector banks led by the Bank of India by illegally diverting loan funds, the officials said.
The CBI has arrested Jag Mohan Garg, chairman and managing director of Tirupati Infraprojects Private Limited, in a Rs 289.15 crore bank fraud case, officials said on Monday.