Archive · 26 Sep 2025
CBI Investigates Pune Firm in ₹16 Crore SBI Fraud
A company in Pune is being investigated by the CBI for cheating the State Bank of India out of over 16 crore rupees.
The company, involved in construction, is accused of lying about its finances and diverting loan money meant for building apartments.
They submitted fake documents to get the loan.
The bank account became a non-performing asset and was eventually declared as a fraud.
The CBI is now looking into the case.
CBI initiated a probe into a Pune firm for allegedly defrauding SBI.
The firm is accused of causing a loss of over ₹16 crore.
SBI filed a complaint leading to the CBI investigation.
The firm allegedly misrepresented financials and diverted funds.
An FIR has been registered based on the bank's complaint.
- Who
- A Pune-based firm and its partners
- What
- Allegedly defrauded SBI of ₹16.35 crore
- When
- 2017-2023
- Where
- Pune
- Why
- To fraudulently obtain and misappropriate loan funds.
- Accused
- Pune-based firm & partners
- Victim
- State Bank of India (SBI)
- Location
- Pune
- Amount
- ₹16.35 crore
- Fraud Type
- Bank fraud
- Modus Operandi
- Misrepresentation, diversion of funds
- Account Status
- NPA (March 31, 2023), Fraud (Feb 28, 2024)
Sources
Pimpri-Chinchwad Crime: Lawyer Defrauded Of ₹1.80 Crore By Cyber Impersonators Posing As CBI Officers
Mumbai Fraud: Builder Duo Duped Of ₹1.85 Crore In Fake ₹50 Crore Loan Scam; Vinoba Bhave Nagar Police Register 2 FIRs
Elderly lawyer loses Rs 1.8 crore in ‘digital arrest’ scam, fraudsters pose as CBI officers
