New Delhi/Ranchi: The Central Bureau of Investigation (CBI) has registered an FIR against Bhushan Power and Steel Limited in a brank fraud case.
It was alleged that the company took a loan of Rs 47,2014 crore from 33 banks between 2007 to 2014, and defaulted on repayments.
According to the probe agency, the accused entered into a criminal conspiracy with unknown public servants of banks and others to cheat banks, financial institutions and the government exchequer.
Bhushan Steel co. was about to start a new plant at Jharkhand, but it failed.
Also read: SC refuses urgent listing of plea against HC order asking Centre to ban TikTok app
