The CBI on Friday registered a case of criminal conspiracy, cheating and other offences under the IPC against former BCCI chief AC Muthaiah, his firm First leasing Company of India ltd and other executives for allegedly cheating IDBI Bank of `274 crore.
Others accused in the case include Chennai-based CA firms Sharthy and Balu and MK Dandekar and Company, the then MD of First leasing Faroule Irani, then senior vice-president S Dilli Raj, then CFO l Shivaramakrishnana and unknown others.
“The CBI has registered a case….on the allegations of criminal conspiracy, cheating, forgery of valuable security, forgery for the purpose of cheating, using forged documents as genuine and falsification of accounts that took place during 2005-2013,’ a CBI spokesperson said.
The case was registered on the complaint of IDBI Bank on the allegations of cheating the bank and causing an alleged loss of `274, the official said.
The agency conducted searches at 8 locations including 7 in Chennai and one in Hyderabad in the offices and residences of the accused which led to recovery of incriminating documents, the official added.