CBI files case against Shakti Bhog Foods, MD/Guarantor, Directors, public servants
New Delhi: CBI has filed a case against Delhi-based Shakti Bhog Foods Limited, its Managing Director Kewal Krishna Kumar, directors Sunanda Kumar and Siddharth Kumar and unknown public servants on allegations of a bank fraud over Rs 3,269 crores.
Based on a complaint filed by the State Bank of India (SBI), CBI conducted searches at eight locations in Delhi, at the official and residential premises of the accused, which led to the recovery of various incriminating documents as part of an ongoing probe.
SBI and other consortium member banks have accused Shakti Bhog of criminal conspiracy, cheating, forgery of valuable security and forgery for the purpose of cheating. Banks have claimed that Shakti Bhog s top officials siphoned off public money by falsifying accounts and forging documents.