Business2 sources

CBI Books Chandra Proteco in Rs 210 Crore Bank Fraud Case

  • The CBI registered an FIR against Chandra Proteco Limited and its directors for an alleged bank fraud of Rs 210.13 crore.
  • The CBI conducted searches at multiple premises linked to the directors in Prayagraj and seized financial documents.
  • The company was engaged in systematic financial manipulations, including operating clandestine accounts with non-consortium banks.
  • The FIR was registered on a complaint by Indian Bank against Chandra Proteco.
  • The CBI's action followed an investigation into the company's financial activities.
CBI Books Chandra Proteco in Rs 210 Crore Bank Fraud Case | Split Angle