Jag Mohan Garg, Chairman & Managing Director of Tirupati Infraprojects Pvt. Ltd, has been arrested for allegedly defrauding a consortium of banks of Rs 289.15 crore. The fraud caused losses to Bank of India, Union Bank of India, Canara Bank, Bank of Baroda & UCO Bank. The Central Bureau of Investigation (CBI) conducted searches at Garg s premises earlier, where several incriminating documents were recovered. Garg has been remanded to police custody until July 17, 2023.
The Central Bureau of Investigation (CBI) said on Monday that it has arrested Jag Mohan Garg, the CMD of Tirupati Infraprojects Pvt. Ltd., in connection with a Rs 289.15 crore loan fraud case.A senior CBI officer said that the case against Jag .
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.
CBI arrests Tirupati Infraprojects CMD in bank fraud case involving Rs 289 cr webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.