CBI Books Future Retail and Kishore Biyani in ₹904 Crore Fraud
The CBI has booked Future Retail, Kishore Biyani and others in a ₹904 crore bank fraud case. Searches have been conducted in Mumbai. The State Bank of India alleged the company did not use sanctioned loan funds in line with the terms of the loan facilities.
पार्श्वभूमी
Context: Future Retail was part of the Future Group, a large Indian retail business that carried heavy bank borrowings before running into financial trouble. Cases like this usually focus on whether loan money was used for the purposes it was approved for.
बर्निंग पोटॅटो स्कोअर: 56%