CBI books textile firm S. Kumars for bank fraud
The Hindu
It allegedly cheated two banks of ₹160.68 crore
The Central Bureau of Investigation (CBI) has registered a case against textile company S. Kumars Nationwide Limited for allegedly cheating a consortium of the Union Bank of India and the erstwhile Corporation Bank to the tune of ₹160.68 crore. Among the accused persons in the case are Nitin Kasliwal, Vijay Kalantri, Anil Kumar Channa, Rajinder Krishan Garg and Jagadeesh Sanjeeva Shetty, according to the First Information Report (FIR).
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