Economy
CBI Charges Future Retail and Promoters in ₹904 Crore Fraud Case
The Hindu2h
THE BRIEF
1
The Central Bureau of Investigation registered a case against Future Retail Limited and its promoters for allegedly defrauding the State Bank of India of ₹904.32 crore.
2
Investigators conducted searches at multiple Mumbai premises on Friday, seizing documents to trace the alleged diversion of loan funds to associate companies.
3
The probe examines claims that the firm misused credit facilities and diverted sanctioned funds in violation of loan terms and conditions.