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CBI books SBI officials, directors of a firm for loan fraud
short by Manaya Bagga / on Saturday, 10 March, 2018
The CBI has charged five directors of a West Bengal-based company and eight SBI officials for causing a loss of ₹4.12 crore to the bank. The company's directors allegedly conspired with officials of two SBI branches and took loan of ₹4.45 crore for doing food processing business. However, the borrower violated terms and conditions, causing the loss to the bank.