CBI Files Rs 904-Crore Bank Fraud Case Against Businessman Kishore Biyani
NDTV · Press Trust Of India ·
The CBI has alleged that according to a complaint filed by SBI, the accused persons entered into a criminal conspiracy to obtain credit facilities from the State Bank of India and also from the consortium of nine banks.
- CBI filed an FIR against Future Retail and Kishore Biyani for Rs 904.32 crore fraud
- Rakesh Biyani also named in FIR under criminal conspiracy and Prevention of Corruption Act
- SBI alleged funds were diverted from credit facilities by Future Retail and related entities