CBI Books Businessman Kishore Biyani in Rs 904-Crore Bank Fraud Case

The Central Bureau of Investigation has registered a case against businessman Kishore Biyani over an alleged bank fraud worth Rs 904 crore. The agency acted on a complaint from the State Bank of India. According to the CBI, the accused allegedly conspired to obtain credit facilities from SBI and from a consortium of nine banks. The allegations centre on this alleged criminal conspiracy to secure the loans. The case is at the investigation stage.
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