The CBI on Tuesday raided several locations, across the country, of basmati exporter REI Agro Ltd, which has allegedly defrauded several banks, an agency official said.
“Following a complaint by a consortium of 15 public sector banks, the Central Bureau of Investigation has registered a case against the company on the allegations of conspiracy, cheating and forgery. These banks have been allegedly defrauded by the company to the extent of Rs.3,814.39 crores since 2013,” said a CBI official.
“The raids led to recovery of a number of incriminating documents, against the company," added the official.