CBI books MP agency in Rs 105-cr fraud case

New Delhi: The CBI has registered an FIR against Madhya Pradesh-based firm Narayan Niryat and its director Kailash Chand Garg for allegedly cheating a UCO Bank-led consortium of over Rs 105 crore, officials said on Monday. In the FIR, it is alleged that from 2011 to 2013, the company availed credit facilities to the tune of over Rs 110 crore from a consortium of banks consisting of UCO Bank, Corporation Bank and Punjab National Bank. TNS

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