Mumbai: CBI Registers FIR Against Pvt Company For Cheating SBI Of Rs 339 Crores

Mumbai, September 14, 2020: The Central Bureau of Investigation (CBI) has registered a case on a complaint from State Bank of India against a Mumbai based private company, M/s Ess Dee Aluminium Limited (EDAL), Kandivali (East), Mumbai, and others including its Chairman, Director etc. It was alleged that Mumbai based private company was manufacturing the aluminium foils having its applications as packaging material used in the pharmaceutical, food and FMCG sectors.

According to CBI, the accused and other unknown persons had entered into a conspiracy and submitted fake documents. It was also alleged that the accused were involved in the diversion of funds etc. and cheated the State Bank of India (SBI). An alleged loss to the tune of Rs. 338.52 crore (approx.) was caused to State Bank of India.

“Searches were conducted at the premises of accused/company in Mumbai which led to the recovery of incriminating documents”, CBI said.