CBI books firm, directors for cheating SBI-led consortium

The Central Bureau of Investigation (CBI) has registered a case against a private company, its managing director, director, and unidentified public servants for allegedly cheating a consortium of banks led by the State Bank of India (SBI) of ₹862 crore between 2009 and 2017.

The agency has conducted searches at nine locations including the residential and office premises in Mumbai and Kolhapur related to the case, said CBI spokesperson RC Joshi.

CBI has booked the firm, Trimax IT Infrastructure and Services Ltd, and its managing director, Surya Prakash Madrecha, and director Chandra Prakash Madrecha.