The Economic Times

CBI books IL&FS Energy, executives in alleged Rs 212 crore Canara Bank loan fraud case

The Central Bureau of Investigation has registered a case against IL&FS Energy Development Company and its executives over loan fraud. This case involves an alleged loss of Rs 212.34 crore linked to Canara Bank. The fraud stems from loans sanctioned by Syndicate Bank that were reportedly diverted from their intended projects. CBI conducted searches at multiple locations and seized various important documents related to the case.