CBI books Mumbai-based IT firm for defrauding banks of ₹862 crore

The CBI has filed an FIR against Mumbai-based Trimax IT Infrastructure and Services and its directors for allegedly cheating SBI-led consortium of banks to the tune of over ₹862.06 crore between 2009 and 2017. CBI spokesperson RC Joshi said the firm's directors "manipulated the books of accounts, diverted the funds" released by banks. The firm was established in 1995.