A CBI official here said that it carried out searches at 10 locations in Mumbai and Silvassa on the office and residential premises of Krishna Knitwear
The CBI has registered a case on the complaint of
The official said that it was alleged that the company was engaged in manufacturing of cotton yarn, knitted grey fabric and finished garments.
“During the period 2011 to 2015, the accused entered into a conspiracy to cheat SBI by way of forgery/falsification of accounts and diversion of funds. The company allegedly availed Fund-Based
It was further alleged that only around 20% of its receipts and payments from its debtors and creditors respectively were routed through banking channels, and the remaining amount was siphoned off.
The official said that during searches the agency sleuths recovered several of incriminating documents.
He said that second case was registered on a complaint from Punjab & Sind Bank against Delhi and Noida-based
The agency officials carried out searches at nine locations in Delhi-NCR at the office and residential premises of accused including borrower company.
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