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CBI searches 19 premises of SRS Group, its directors in bank fraud case

New Delhi: The CBI on Thursday carried out searches at 19 premises in Delhi-NCR and Bengaluru after registering an FIR against Faridabad-based SRS Group of Companies and its directors for allegedly defrauding Canara Bank to the tune of Rs 135 crore, officials said.

"It was alleged that the said borrower group of companies had availed term loans from the bank. It was further alleged that the borrower defrauded the bank and diverted the funds by not routing the proceeds of sale/booking of the flats through accounts maintained with the bank," CBI spokesperson R K Gaur said here.

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