CBI books Trimax IT Infra and management for cheating banks of Rs 862 crore

The firm had been involved with important govt tenders of BSNL, UPSRTC and Bengaluru Metropolitan Transport Corp

The Central Bureau of Investigation (CBI) has booked Trimax IT Infrastructure & Services, and its management for cheating a consortium of banks led by State Bank of India (SBI) to the tune of Rs 862.06 crore. The investigative agency has named the company, its managing director, Surya Prakash Madrecha, its director Chandra Prakash Madrecha, and unknown public servants in this case.

A CBI statement said that searches were conducted at nine locations including residential and office premises of the accused at Mumbai, and Kolhapur among others. The accused had cheated a consortium of banks led by SBI during the period