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Rs 605 cr scam: CBI identifies 17 companies cheated Bhimavaram banks - ABN

Mon, Aug 19, 2019, 12:11 PM
On the complaint of bank officials, the CBI investigated and identified 17 companies engaged in aqua and real estate sectors at Bhimavaram in West Godavari district had cheated bank branches to the tune of Rs 605 crore with fake documents and identity cards. One of the bank branches had given Rs 300 crore loans on fake property documents for various firms from 2009 to 2012. The persons whose companies are identified by the CBI are pleading bank officials not to reveal their names.
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