In dozen cases, companies and top functionaries were accused of cheating banks of more than ₹1,000 croreThe Central Bureau of Investigation registered about 190 cases of bank fraud in year 2020, involving alleged misappropriation of close to ₹60,000 crore. While over 50 of the total bank fraud cases were registered by the CBI units in Delhi, nearly 30 were instituted in Mumbai, apart from some others in Pune and Nagpur. While the Chennai unit made out 17 cases, in Gujarat’s Gandhinagar, at least 16 cases were registered. Among the other companies above the ₹1,000-crore mark were Best Food Limited, Base Corporation Limited, Amira Pure Foods Private Limited, Kwality Limited and SEL Textiles Limited. The CBI booked Get Power Limited and others in September in a bank fraud case involving ₹966 crore.

Source: The Hindu December 31, 2020 13:25 UTC