Chandra prakash madrecha - Latest News Update, Information, Photos & Videos on Chandra prakash madrecha at Lokmat Times

Mumbai, Oct 11 The Central Bureau of Investigation (CBI) has raided at least nine official and residential premises in Mumbai and other parts of Maharashtra in connection with a case for allegedly defrauding the State Bank of India (SBI) and seven other consortium banks to the tune of over Rs 862 crore, an official said on Monday.The raids were targeted against Trimax IT Infrastructure & Services Ld (TIISL), its Managing Director Surya Prakash Madrecha, Director Chandra Prakash Madrecha, and other unknown officials and private persons.The action followed a complaint by the SBI against the accused of cheating he bank and its other consortium member-banks of the amount between 2009-2017.The SBI said that during the period, the accused were sanctioned credit facilities under consortium banking and these were enhanced regularly.However, the company's MD and directors conspired to manipulated the books of accounts and diverted the funds released, thereby cheating the seven banks.Undergoing bankruptcy proceedings, the TIISL provided IT support to various public sector banks, to a government company for rolling public Wi-Fi networks and has operations in Singapore.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Chandra Prakash MadrechaFOLLOW

Chandra prakash madrecha, Latest News

Maharashtra :CBI raids Mumbai IT infra co for defrauding SBI of Rs 862 cr

Mumbai, Oct 11 The Central Bureau of Investigation (CBI) has raided at least nine official and residential premises ... ...