CBI raids 19 premises of Faridabad-based real estate firm SRS Group in bank fraud case

Tribune News Service
New Delhi, July 16

The Central Bureau of Investigation (CBI) on Thursday said it has registered a case and carried out searches at 19 premises of Faridabad-based real estate firm SRS Group, its directors in a case of Rs 135 crore alleged bank fraud.

Officials in the CBI said, in the FIR the agency has named “SRS Group of Companies, Faridabad (M/s SRS Real Infrastructure Ltd. and M/s SRS Real Estate Ltd.) and their directors Anil Jindal, Rajesh Singla,. Nanak Chand Tayal, Bishan Bansal, Vinod Jindal and Jitender Kumar”.

“It was alleged that the said borrower group of companies had availed term loans from Canara Bank. It was further alleged that the borrower defrauded the bank and diverted the funds by not routing the proceeds of sale/booking of the flats through accounts maintained with the bank,” the officials said.

The searches were conducted at the premises of the company and its directors in Delhi, Faridabad and Bengaluru, they said, adding that which led to recovery of “incriminating documents and material”, as further investigation in the case continued.