India

CBI case against pvt firm for conning bank

PNS

The CBI has registered a case against a private company Ruchi Global Limited and its directors for cheating a consortium of banks led by Bank of Baroda to the tune of `188.35 crore. The accused firm is registered in Mumbai and has a corporate office in Indore (Madhya Pradesh). The  firm and the accused directors cheated the banks between  January 1, 2016 and December 2017.