CBI books Hyderabad firm for defrauding SBI of â¹65 crore
The CBI has booked Hyderabad-based private firm Jay Ambe Gowri Chem and eight others for allegedly cheating the SBI of â¹65 crore. The company was allegedly banking with the SBI since 2009, after SBI took over the loan originally provided by Axis Bank. However, the loan was declared non-performing in April 2014 and was subsequently declared fraud in October 2016.