From The Pioneer
Center-Right Owned by The PioneerCBI books Future Retail, Big Bazaar promoters in Rs 904.32 cr bank fraud
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 · 2 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
The Central Bureau of Investigation (CBI) has registered a criminal case against Future Retail Ltd., the company behind the once-ubiquitous Big Bazaar chain, and its promoters for an alleged bank fraud of Rs 904.32 crore. Meanwhile, the group owes banks (including foreign banks) more than Rs 19,500…
