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ED raids Karnataka firm in SBI fraud worth Rs 113.38 crore

According to ED officials, Bharath Infra availed loan facilities in the form of cash credit, EPC/FBD, non-fund-based working capital and letters of credit (inland and regular) from the Bengaluru City branch of the State Bank of India (SBI). ....

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ED raids premises of Bharath Infra Exports and Imports Ltd in bank fraud case

The Enforcement Directorate (ED) on Wednesday said it recently carried out search operations at seven locations in Bengaluru and Davangere in Karnataka belonging to Bharath Infra Exports and Imports Ltd and its related entities in connection with a bank fraud case. ....

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