A new fraud by the executives of top companies, worth Rs.1,400 crore.

A new fraud by the executives of top companies, worth Rs.1,400 crore.
CBI searches at 8 location after dairy products’ company ‘Kwality LTD’ and its directors allegedly cheated banks including Bank of Baroda, Canara Bank, Andhra Bank, Corporation Bank, IDBI, Central Bank of India, Dhanlaxmi Bank, Syndicate Bank.
As per the officials, they allegedly cheated the banks by way of “diversion of bank funds,created false assets and liabilities etc”.
Kwality Ltd. is a processor and handler of dairy products in India, founded in 1992.