CBI files charge sheets against ex-BCCI chief in Bank fraud case

     Written by : SMTV24x7 | Sat, Dec 23, 2017, 06:22 PM

CBI files charge sheets against ex-BCCI chief in bank fraud case

New Delhi Dec 23: The CBI on Friday had filed three charge sheets against the former chairman of First Leasing Company of India Limited (FLCIL), ex-BCCI chief A C Muthiah, and former Managing Director Farouk M Irani in a case of cheating three banks to the tune of around Rs 665 crore.

The officials have said that "The probe agency has filed these charge sheets before a special CBI court in Chennai and the charges levelled by the agency include criminal conspiracy, cheating, and forgery among others ."

CBI spokesperson had said that "Investigation conducted by CBI has disclosed that the accused along with seven shell companies in... conspiracy with statutory and internal auditors had cheated the banks by submitting forged financial statements to obtain undue credit limits and siphoned off the same... causing wrongful loss of Rs 665 crores(approx) to the banks."

Muthiah was the chairman of Board of Control for Cricket in India (BCCI) from 1999 to 2001.