CBI Registers Fraud Cases Against 3 Companies For Duping Banks

The Central Bureau of Investigation (CBI) has registered three separate cases against Vibha Agrotech, Vivimed Labs, and Neeta Chemicals (India) for allegedly duping banks to the tune of rs 894 crore. 

According to the investigating agency’s bank security and fraud branch, Neeta Chemicals cheated banks of rs 33 crore, Vivimed Labs rs184 crore and Vibha Agrotech rs 77 crore. 

The CBI acted on a complaint filed by the officials of SBI, Kacheguda branch, alleging that Neeta Chemicals and its chairman Dinesh B. Trivedi, managing



director Bhupendra B. Trivedi, executive director S. Rajasekhar, director Meghna B. Trivedi, Bhavana Trivedi, S. Logitha, Hitesh Ved, Tapinder Surendrajit Tucker, Guarantors Oora Sampath Rao, V. Ashok Kumar. 

The SBI officials alleged that they had duped the bank to the tune of rs 533 crore.