Commerzbank AG has filed a cri minal case against senior executives of ICICI Ltd and Arvind Mills Ltd under Section 409, 421 and 424 read with 120B of the Indian Penal Code.
The offences relate to criminal breach of trust, dishonest or fraudulent removal or concealment of property to prevent distribution among creditors and criminal conspiracy.
The Mumbai branch of the foreign bank filed the case on behalf of its Singapore branch at the metropolitan magistrate
