CBI books Future Retail, Kishore Biyani, others in ₹904 crore bank fraud case; searches conducted in Mumbai
What the coverage says
The Central Bureau of Investigation has initiated a criminal case against Kishore Biyani and Future Retail following a complaint from the State Bank of India, as covered by all four sources. NDTV added that the accused individuals allegedly engaged in a criminal conspiracy to secure credit from the State Bank of India as well as a consortium of nine banks. NDTV Profit specified that the investigation centres on an alleged sum of ₹904.32 crore, with the agency accusing the firm of diverting loan funds through connected entities. Additionally, The Hindu noted that the bank alleged the company did not utilise the sanctioned funds according to the specified terms and conditions, and The Hindu further reported that the agency conducted searches in Mumbai.
Written by HeadlineShine from 4 outlets' reporting, with AI assistance. Each outlet's own story is listed alongside.
Timeline
- Economic Times first reported it
- NDTV Profit reported it
- NDTV reported it
- The Hindu reported it
- Latest update
