NEW DELHI: The CBI carried out searches at five locations in Surat and Navsari in Gujarat on Thursday after booking Surya Exim Ltd and its directors for alleged bank fraud of Rs 121 crore during 2017-19, officials said.
The agency has booked the company and its directors on a complaint from Canara Bank which is the lead bank in the consortium of four banks, they said.
“It was alleged that, during the period 2017 to 2019, the accused entered into a conspiracy to cheat a consortium of banks including Canara Bank to the tune of Rs 121.05 crore(approx) by way of forgery and diversion of funds,” CBI spokesperson R K Gaur said. (AGENCIES)
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