Corporation Bank reports fraud of â¹6.77 crore to CBI
The CBI has booked an auto dealer in Jamshedpur, Jharkhand for allegedly siphoning off the loan amount and causing a loss of â¹6.77 crore to Corporation Bank. The agency has booked Ramnandi Estate and its directors along with the bank's valuer, Sanjay Kumar. Corporation Bank alleged that Kumar filed enhanced valuation reports based on which the loan was sanctioned.