CBI case against SBI officials, civilians over bank fraud

Kolkata (West Bengal) [India] March 9 (ANI): The Central Bureau of Investigation (CBI) on Friday registered a case against eight State Bank of India (SBI) officials over the charges of conniving with private company officials for cheating the bank.

The CBI registered a case against a private company based at Burdwan district of West Bengal and its five directors, eight officials of State Bank of India, including the chief manager, deputy manager and a lawyer among others, based on a complaint by the State Bank of India.

The complaint said that from 2009-2014, directors of the said private company, lawyer and officials of two branches of SBI availed cash credit limit of Rs 445 lakh for doing a business of food processing but the borrower violated terms and conditions causing a loss of Rs 4.12 crore.

The CBI also conducted searches at 12 places including Kolkata, Burdwan, Darjeeling, Coochbehar (West Bengal); Hazipur (Bihar) and Pelling (Sikkim) at the official and residential premises of accused which led to the recovery of incriminating documents. Further investigation is underway. (ANI)

This story has not been edited. It has been published as provided by ANI