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ED arrests CMD of a company in money laundering case

ED arrests CMD of a company in money laundering case
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CBI registers a case against 'Shakti Bhog', SBI alleged loss of 3000 crores!


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. ....

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