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.
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