The Central Bureau of Investigation (CBI) has booked a telecom firm from Baroda for allegedly duping a wholly owned subsidiary of Canara Bank to the tune of ₹6.80 crore. HT Image {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} In a complaint filed on October 4 with the probe agency, Canbank Factors Limited (CBFL) alleged that the firm, Accord Industries Limited, had availed Sale Bill Factoring amount of ₹8 crore from its Mumbai branch. Amazon Sale season is here! Splurge and save now! Click here Factoring is a type of financial transaction in which a business entity sells its book debts to a financial institution at a discount,…
Read More…
CBI books firm for cheating Canara Bank subsidiary of ₹6.80 crore | Mumbai news
