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.