CBI books Hyderabad-based Coastal Projects Ltd in connection with Rs 4,736 crore bank fraud

The complaint from the SBI, now a part of the FIR, has alleged that the accused construction company, during the five year period between 2013 and 2018, falsified account books and financial statements to show unrealisable bank guarantee amounts as realisable investments, Central Bureau of Investigation (CBI) spokesperson R C Joshi said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2K1Ueiw