Rs 48.06 cr alleged fraud in Union Bank: CBI searches premises of Swastic Coppers Pvt Ltd

The CBI conducted searches at five locations in Jaipur related to Swastic Coppers Pvt Ltd and its directors, in connection with an alleged fraud of over Rs 48.06 crore in Union Bank of India. The company and its directors are accused of cheating the bank by submitting false documents to avail cash credit limits and defaulting on inland LCs and BGs.
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