<p>The Central Bureau of Investigation (CBI) has registered a case against a Mumbai-based private company and its top brass for defrauding State Bank of India (SBI) of Rs 338.52 crore.</p>.<p>CBI teams conducting searches in the premises of M/s Ess Dee Aluminium Limited (EDAL) in Kandivali East suburbs of Mumbai.</p>.<p>The chairman and the directors of the aluminium foils company have come under the scanner and are being investigated.</p>.<p>According to the initial investigations by the CBI, the company was manufacturing the aluminium foils having its applications as packaging material used in the pharmaceutical, food and FMCG sectors.</p>.<p>It was further alleged that the accused and other unknown persons had entered into a conspiracy, submitted fake documents and cheated the State Bank of India to the tune of Rs 338.52 crore.</p>.<p>“Searches were conducted at the premises of the accused and the company in Mumbai which led to the recovery of incriminating documents,” CBI officials said</p>
<p>The Central Bureau of Investigation (CBI) has registered a case against a Mumbai-based private company and its top brass for defrauding State Bank of India (SBI) of Rs 338.52 crore.</p>.<p>CBI teams conducting searches in the premises of M/s Ess Dee Aluminium Limited (EDAL) in Kandivali East suburbs of Mumbai.</p>.<p>The chairman and the directors of the aluminium foils company have come under the scanner and are being investigated.</p>.<p>According to the initial investigations by the CBI, the company was manufacturing the aluminium foils having its applications as packaging material used in the pharmaceutical, food and FMCG sectors.</p>.<p>It was further alleged that the accused and other unknown persons had entered into a conspiracy, submitted fake documents and cheated the State Bank of India to the tune of Rs 338.52 crore.</p>.<p>“Searches were conducted at the premises of the accused and the company in Mumbai which led to the recovery of incriminating documents,” CBI officials said</p>
