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Kishore Biyani and FRL booked in ₹904 crore SBI fraud case

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Kishore Biyani and his company Future Retail Limited (FRL) have been named in a case relating to alleged fraud worth ₹904 crore involving State Bank of India. The charges were registered in connection with loans extended by the bank to the retail group. Investigators allege the funds were misused, though specific details of the allegations are limited in the source report. The case adds to the legal and financial troubles previously faced by Future Group and its promoter. The developments are still under investigation and no conclusions have been reached.

Read the full story at Economic Times

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Kishore Biyani and FRL booked in ₹904 crore SBI fraud case · ShortSingh