Rs 135 cr bank fraud: CBI raids Faridabad real estate firm

Tribune News Service

New Delhi, July 16

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

CBI officials said in the FIR, the agency had named the 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. 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 added.

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