According to the agency, promoters/directors of the company allegedly misused or diverted funds received from a consortium of banks between 2012 and 2018, which resulted in a loss of about Rs 1,245.15 crore.
Following registration of the FIR, the central agency on Wednesday searched 13 locations in Maharashtra, Gujarat and West Bengal linked to the accused and recovered "incriminating documents", CBI Spokesperson RC Joshi said.
The CBI has booked textiles major S Kumars Nationwide Limited (SKNL) and 14 others including its promoters and directors for an alleged bank fraud worth Rs 1,245 crore, officials said Wednesday.