GTIL UPDATES

CBI books bank officers, GTIL in Rs 4,000-crore loan fraud case

The Central Bureau of Investigation (CBI) has conducted searches at GTL Infrastructure Ltd (GTIL) office in Mumbai after filing an FIR against the company and unidentified bank officials in a loan-fraud case worth over Rs 4,000 crore. Officials from 13 banks are being investigated for allegedly assigning Rs 3,224 crore dues of the company to an asset reconstruction firm without securing their loans from collateral securities.