Business
CBI Books Future Retail and Kishore Biyani in ₹904 Cr Bank Fraud
The Central Bureau of Investigation has registered a case against Future Retail Ltd and its promoter Kishore Biyani for an alleged bank fraud amounting to ₹904 crore. Acting on a complaint by the State Bank of India, CBI officials conducted searches across multiple locations in Mumbai. The company is accused of misutilizing loan funds and violating the terms and conditions of credit facilities.
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