New Delhi: The Central Bureau of Investigation (CBI) has registered a fraud case of Rs 819.48 crore against Delhi-based Radhika Food Limited and its directors Siddharth Chaudhary and Anju Chaudhary. Officials said on Thursday that the company and its directors were accused of cheating Rs 819.48 crore with a group of banks led by the State Bank of India (SBI).
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On Thursday, the agency searched documents at the accused's house in Delhi and recovered the documents. The agency has registered a case against the firm, its directors and unknown public servants based in the Saket area of South Delhi under the Indian Penal Code and Prevention of Money Laundering Act for cheating, criminal conspiracy, and forgery. SBI had filed a complaint on behalf of a consortium of 10 banks.
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According to the FIR, it has been alleged that the company took advantage of the loan facilities worth Rs 732 crore and defrauded the complainant and other banks of the group by using forged documents. The FIR stated that the banks had suffered a loss of Rs 819.48 crore on April 1, 2018. Many banks are named in this group of banks.
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