Home India news CBI Recovers Over Rs 50 Lakh From Accused In SBI Bank Fraud...

CBI Recovers Over Rs 50 Lakh From Accused In SBI Bank Fraud Case

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Searches had been carried out in Mumbai, Nashik, Bengaluru and Nagpur, the officers mentioned. (Representational)

New Delhi:

The CBI has recovered over Rs 50 lakh in money throughout searches on Monday from one of many accused in a bank-fraud case in opposition to an actual property agency, who was not too long ago charged by the central probe company, officers mentioned.

The company has carried out searches at 11 places in a number of cities after registering a case in opposition to the Nashik-based Sun Infrastructure Limited for inflicting a lack of round Rs 23.86 crore to the State Bank of India, they mentioned.

The searches had been carried out in Mumbai, Nashik, Bengaluru and Nagpur, the officers mentioned.

It is alleged that the corporate was concerned in monetary bunglings and diversion of the funds for functions aside from the mortgage situations, they added.

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