The Central Bureau of Investigation (CBI) on Thursday registered a case against Chandra Proteco Limited and its officials in an alleged Rs 210 crore fraud involving five banks, the agency said in a statement reported by IANS. The case was registered on the complaint of Indian Bank's Stressed Asset Management Branch.

Source: IANS via Hi India

The CBI booked the company's directors Ranjeet Gupta, Anilesh Gupta and Aparna Gupta, along with unknown public servants and unknown private persons, for offences of criminal conspiracy for cheating and offences under the Prevention of Corruption Act, the statement said.

Source: IANS via Asia Post

Searches in Prayagraj, Ledgers Seized

Following the registration of the case, CBI teams carried out searches at several premises linked to the company's directors in Prayagraj, Uttar Pradesh, Nation Press reported. Investigators recovered and seized ledgers from the relevant period along with other documents described as incriminating, and the agency said the investigation is continuing to establish the full scope of the alleged conspiracy and trace the end-use of the loan funds.

Source: Nation Press

Rs 210 croreAlleged fraud amount in the CBI case
5Banks involved, as per the CBI statement reported by IANS
3Company directors booked by name

The allegations in the complaint are yet to be tested in court. The CBI statement, as reported, does not record any response from Chandra Proteco Limited or the named directors, and Awaaz Punjab will update this story if they respond. The case was announced on the same day the agency reported searches in Mumbai in a separate alleged Rs 58.48 crore bank-fraud case, which Awaaz Punjab has covered separately.