The Central Bureau of Investigation (CBI) has registered a case against former chairman, managing director, senior vice-president and CFO of a Chennai-based private Company and two Chennai-based firms of Chartered Accountants and some of the unidentified persons for allegedly criminal conspiracy, cheating, forgery of valuable security, forgery for the purpose of cheating, using forged documents as genuine and falsification of accounts that took place during 2005-2013.
The case was registered on the complaint of IDBI Bank, which reportedly suffered a loss of around Rs.274 crore.
Raids were conducted on Friday at eight places, including seven in Chennai and one in Hyderabad offices and residences of the accused, which led to recovery of incriminating documents.
