Bhopal (Madhya Pradesh): The CBI has conducted searches and registered a case against private company and others including its managing director for defrauding banks.
A consortium of banks disbursed term loans worth Rs 50.25 crore to directors of M/s Shree Mandvi Vibhag Sahkari Khand Udyog Mandali Ltd, Ravindrabhai Patel, Managing Director, unidentified individuals and government employees.
The CBI office of Bhopal had registered a case following a complaint made by Union Bank of India, Ahmedabad.
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