The CBI has registered a ₹904.32 crore bank fraud case against Future Retail Ltd and its promoters Kishore and Rakesh Biyani, following a complaint by the State Bank of India. The agency alleges funds from SBI and a nine-bank consortium were diverted through associate entities. Searches were conducted at multiple premises in Mumbai, with documents seized.
CBI Books Future Retail, Kishore Biyani in ₹904 Crore Bank Fraud
Source: Rediff News