CBI books Shakti Bhog Foods in alleged Rs 3,269-crore bank fraud case

NEW DELHI: The Central Bureau of Investigation (CBI) has booked Delhi-based Shakti Bhog Foods Limited for an alleged fraud of Rs 3,269 crore on a consortium of 10 banks led by the State Bank of India (SBI), officials said on Friday (January 1).

In a complaint from the SBI, the agency has booked the managing director of the company, Kewal Krishan Kumar, and other directors Siddhrath Kumar and Sunanda Kumar, they added.

Searches were conducted at eight different locations in Delhi and at the official as well as residential premises of the borrower companies and of other accused, which led to the recovery of incriminating documents.