According to sources from New Delhi, CBI has booked a Hyderabad based retail company for cheating the State Bank of India to the tune of nearly Rs 134 crore by availing various credit facilities on the basis of forged documents between 2007 and 2014.
Meanwhile in its FIR, the agency has alleged that PCH Retail represented by its directors Balvinder Singh and Baljit Kaur had availed credit facilities to the tune of Rs 133.95 crore during the seven year period using false financial statements and documents.
Moreover the Central Bureau of Investigation (CBI) has alleged that the
accused diverted the credit facilities availed by them to fictitious companies
floated by them and others and siphoned off bank's funds.
