Mumbai: CBI records a cheating case of Bank RS 862-Crore against Trimax IT Infrastructure & Services Ltd (TIISL), Chair and Managing Director of Prakash Madrecha, Director Chandra Prakash Madrecha and unknown civil servants, and searches in nine locations in Mumbai and Kolhapur on Monday.
Toi tried to contact TiISL on the telephone number of the registered office address of the company in Mumbai for his reaction, but no one responded to the call.
The CBI accused the defendant signed a criminal conspiracy to deceive the Bank’s consortium, including Bank Negara India, between 2009-17.
The defendant assured the bank to improve their credit facilities during the period after manipulating notes and failed to pay loan payments.
The CBI accused the defendant to divert loan money through fictitious transactions.
The CBI collects digital records and other documents to be checked during search.
The CBI also investigated several roles of bank officials in this case.
TIISL has a registered office in Andheri (e) and his company office in Navi Mumbai, Bengaluru and the US.
On his website, the company claims it is a leading IT information technology player.