Wednesday, Apr 17 2024 | Time 04:49 Hrs(IST)
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India


CBI recovers valuable items worth Rs 12.50 crore in bank fraud case

New Delhi, July 28 (UNI) The Central Bureau of Investigation (CBI) recovered paintings, watches, gold and diamond jewellery valued at around Rs 12.50 crores during searches in an on-going investigation of a case related to alleged loss of Rs 34,615 crore to consortium of 17 banks, the probe agency said on Thursday.

The agency conducted searches in connection with the case. Two paintings worth Rs 5.50 crore, two watches of Rs 5 crore and Gold and Diamond Jewellery including Bangles & Necklace Rs 2 crore were recovered. It was also alleged that the Promoters had acquired expensive items using the diverted funds, the CBI statement stated.
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Indian Coast Guard rescues stranded fishing boat off Karwar

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