CBI books 3 Mumbai firms for defrauding SBI of â¹136.9 crore
The CBI has registered cases against three Mumbai-based companies for alleged banking fraud that caused cumulative loss of â¹136.9 crore to the SBI. The companies allegedly enjoyed bill discounting facilities against Letters of Credit issued by SBI. However, these bills were returned unpaid by the concerned banks, since instances of diversion of funds by the companies were observed, CBI said. 