Rs 109 crore fraud witnessed by OBC from Simbhaoli Sugars Limited
The Oriental Bank of Commerce has been cheated by one of the largest sugar refining companies, Simbhaoli Sugars Limited, of Rs 109 crore. Thus, the CBI has filed a case for the same. This occurred in 2011 on the pretext of financing sugarcane farmers. This FIR has been confirmed as CBI's second FIR in the past three days. The names in the FIR include Md's, Chairman's, Deputy Chairman's names.