CBI books Chandra Proteco in ₹210-crore bank fraud case
The FIR, filed on Indian Bank's complaint, says the Prayagraj firm diverted loans from a six-bank consortium through associate companies.
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The CBI has filed an FIR against Chandra Proteco Limited and its directors over an alleged bank fraud causing ₹210.13 crore in losses to five banks.
The company had obtained loans and letters of credit worth ₹541.46 crore from a consortium of six banks led by Indian Bank.
The CBI searched premises linked to the directors in Prayagraj and seized financial documents.