India, Oct. 6 -- The Central Bureau of Investigation (CBI) has registered a case against Gujarat-based edible oil manufacturer Map Refoils India Ltd, its former directors and others for allegedly defrauding a consortium of banks led by Bank of Baroda (BoB) of Rs.69.08 crore through unpaid loans.

The CBI's Mumbai unit registered the case on Wednesday based on a complaint by a BoB assistant manager in Ahmedabad. The agency is investigating the company's transactions with the bank between 2018 and 2021, CBI officials said.

According to the complaint, Map Refoils India allegedly obtained multiple credit facilities from the consortium but later defaulted on the loans. The company had taken the loans for its businesses, including refining cot...