From The Hindu
Center-Left Owned by Kasturi & Sons Ltd.CBI books Future Retail, Kishore Biyani, others in ₹904 crore bank fraud case; searches conducted in Mumbai
What's behind this
The Central Bureau of Investigation has registered a criminal case against Future Retail Ltd, its promoter Kishore Biyani and several unidentified public servants and private persons for an alleged bank fraud of Rs 904.32 crore linked to the State Bank of India. The FIR was filed after an SBI complaint on October 9 and a forensic audit was conducted. The group also owes banks, including foreign banks, more than Rs 19,500.
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left · 2 outlets
The agency registers FIR also against Kishore’s brother Rakesh Biyani and others on SBI complaint; conducts searches at multiple Mumbai premises and seizes incriminating documents
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center · 2 outlets
The Central Bureau of Investigation (CBI) has filed a case against Future Retail Ltd (FRL), its promoter Kishore Biyani, and several unidentified public servants and private persons regarding an alleged bank fraud of Rs 904.32 crore linked to the State Bank of India (SBI). The CBI had also charged…
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right · 3 outlets
The Central Bureau of Investigation has registered a case against Future Retail Ltd and its promoters. This is due to the alleged defrauding of State Bank of India amounting to ₹904.32 crore. The FIR was filed following a complaint from SBI on October 9, and a forensic audit was conducted. Multiple…
RSS excerpt
SBI alleged that the company failed to utilise the sanctioned funds in accordance with the terms and conditions of the loan facilities
