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Business News/ News / India/  CBI books Educomp Solutions, its directors for defrauding banks of 1,955 cr
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CBI books Educomp Solutions, its directors for defrauding banks of ₹1,955 cr

CBI books Educomp Solutions Pvt Ltd, its directors for allegedly defrauding SBI-led consortium of banks
  • CBI carried out searches at 8 places, including offices of Educomp Solutions Pvt Ltd and residences of directors
  • The agency carried out searches at eight locations in Delhi, Dehradun and Gurgaon on the premises of Educomp Solutions, Edu Smart and its directorsPremium
    The agency carried out searches at eight locations in Delhi, Dehradun and Gurgaon on the premises of Educomp Solutions, Edu Smart and its directors

    New Delhi: The CBI booked Educomp Solutions, its subsidiary and directors for allegedly defrauding an SBI-led consortium of 13 banks to the tune of 1,955 crore and carried out searches at eight locations on Tuesday, officials said.

    The agency booked Educomp Solutions Ltd, its managing director Shantanu Prakash, guarantor Jagdish Prakash, its subsidiary Edu Smart Services Pvt Ltd and directors Vijay Kumar Choudhary and Vinod Kumar Dandona, they said.

    After filing the FIR, the agency carried out searches at eight locations in Delhi, Dehradun and Gurgaon on the premises of Educomp Solutions, Edu Smart and its directors, the officials said.

    The account was declared a non-performing asset in 2016, they added.

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    This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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    Published: 11 Feb 2020, 06:12 PM IST
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