CBI files case against Future Retail in Rs 904-cr fraud, raids Biyanis' premises

India Today · Divyesh Singh, Munish Chandra Pandey · 2026-11-06 13:05 UTC

The FIR was registered on November 4 2026 following a complaint by the State Bank of India SBI Stressed Assets Management Branch-III Mumbai

The FIR was registered on November 4, 2026, following a complaint by the State Bank of India (SBI), Stressed Assets Management Branch-III, Mumbai.

The Central Bureau of Investigation (CBI) has registered an FIR against Future Retail Ltd (FRL) and noted businessman Kishore Biyani in an alleged bank fraud involving Rs 904.32 crore, and conducted searches at multiple premises linked to the company's promoters and directors in Mumbai on Friday.

The agency has also named Biyani's brother, Rakesh Biyani, along with unknown public servants and other unidentified persons in the case.

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