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Central Bureau of Investigation books Frost Intl in Rs 4,000-cr fraud case

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New Delhi: The Central Bureau of Investigation on Tuesday carried out searches at various locations in Mumbai and Uttar Pradesh after filing a case against Frost International Ltd, a Mumbai-based company involved in merchant trading and import and export of various commodities, and its promoters on charges of cheating a consortium of banks worth Rs 4,061.95 crore in 2011.

The CBI teams carried out searches two days after the agency registered an FIR against some unidentified bank officials, the firm and 13 individuals, including promoters Udai Jayant Desai, Sujay Udai Desai, Sunil Lal Chand Verma and Anoop Kumar Wadhera, directors and guarantors of the company. (IANS)

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