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CBI files FIR against Arihant Jewels, its partners on misappropriation of public funds of Union Bank of India

According to CBI probe, the Jewelry company and its partners were involved in fraud to the tune of Rs. 12.22 crores of public funds of Union Bank of India.

CBI probe into bank fraud
CBI probe into bank fraud Image Source : Representational pic
Ahmedabad Published: , Updated:

Central Bureau of Investigation (CBI) has registered an FIR against Arihant Jewels, Ahmedabad and its partners over allegations of fraud and misappropriation of public funds of Union Bank of India to the tune of Rs. 12.22 crores for wrongful gain to themselves and wrongful loss to the bank, said an official on Tuesday.

More information to be updated

Also read- Odisha train accident: CBI registers case in Balasore tragedy that killed 275 passengers

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