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CBI Registers Fraud Cases Worth Rs 74 cr in Union Bank of India

The Central Bureau of Investigation (CBI) has booked promoters and directors of SM Enterprises, Geneius Impex.

PTI

Updated:December 28, 2018, 10:41 PM IST
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CBI Registers Fraud Cases Worth Rs 74 cr in Union Bank of India
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New Delhi: The CBI has registered four separate cases related to alleged bank fraud to the tune of nearly Rs 74 crore in the Union Bank of India, officials said on Friday.

All these cases have been reported from mid corporate branches in Kaushambi and Ghaziabad against separate companies, they said.

The Central Bureau of Investigation (CBI) has booked promoters and directors of SM Enterprises, Geneius Impex.

JBR Impex and JR Foods for causing loss to the bank by alleged loan defaults, the officials said.

All the defaults were reported as non-performing assets and then frauds by the bank. The bank later asked the CBI to take over the investigation.

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