It is alleged in the complaint that the Directors of an Ahmedabad-based private company, in conspiracy with unknown officials of Bank of India with dishonest intention caused wrongful loss to the bank
FinTech BizNews Service
Mumbai, September 12, 2025: The Central Bureau of Investigation (CBI) registered a case on 08.09.2025 based on a complaint received from Bank of India against an Ahmedabad-based Private Company, its three Directors, unknown public servants, and other unknown persons. It is alleged in the complaint that the Directors of an Ahmedabad-based private company, in well-planned conspiracy with unknown officials of Bank of India with dishonest intention caused wrongful loss to the bank to the tune of Rs.121.60 crores.
Searches were conducted by CBI on 10.09.2025 at 3 different locations in Ahmedabad and Gandhinagar, which led to the recovery of incriminating documents.
Investigation is continuing.
