The Central Bureau of Investigation teams searched eight locations in Delhi on Friday, including office and residential premises of the borrower company and other accused, which led to alleged recovery of incriminating documents.The
CBI registers a case against Shakti Bhog , SBI alleged loss of 3000 crores!
Searches conducted at eight locations in Delhi at the official and residential premises of the accused led to the recovery of incriminating documents. The FIR suggests that the fraud was found out after the forensic auditors submitted their report into the account in June 2019. (Image: PTI)
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Updated: Jan 2, 2021, 01:59 PM IST
The Central Bureau of Investigation (CBI) on Friday (January 1) registered a case against Shakti Bhog Foods Limited on charges of alleged fraud of Rs 3269 crores on a consortium of ten banks, CBI officials said.
Based on a complaint from the State Bank of India (SBI), which led the consortium, the CBI has filed an FIR against the managing director of the company, Kewal Krishan Kumar, along with its directors, Siddharth Kumar and Sunanda Kumar.
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.
The Central Bureau of Investigation teams searched eight locations in Delhi on Friday, including office and residential premises of the borrower company and other accused, which led to alleged recovery of incriminating documents.The
CBI books Shakti Bhog Foods, directors for Rs 3,269 crore bank fraud
Shakti Bhog Foods had received over Rs 2,000 crore from a consortium of 10 lenders, led by the SBI. The CBI FIR alleged that top officials of the company siphoned off public money
BusinessToday.In | January 2, 2021 | Updated 22:14 IST
Central Bureau of Investigation has filed a case against Shakti Bhog Foods and its officials for defrauding a consortium of 10 banks of Rs Rs 3,269 crore. The FIR was filed on the basis of a complaint from the State Bank of India (SBI). In the FIR, the central probe agency has also named Shakti Bhog Foods Managing Director Kewal Krishna Kumar and directors Siddharth Kumar and Sunanda Kumar as accused.