India, June 16 -- The Central Bureau of Investigation (CBI) has registered a case against an electrical goods manufacturer and others, including unknown public servants, for allegedly defrauding the Small Industries Development Bank of India (SIDBI) of nearly Rs.20 crore by diverting loan funds sanctioned for setting up a new unit.

The agency booked Ujwal Electric Motors Pvt Ltd and others on Saturday based on a complaint from SIDBI, which alleged that the company misappropriated funds from a Rs.20-crore loan sanctioned in 2015 for establishing a manufacturing unit in Ahilyanagar.

According to the complaint, the company caused a wrongful loss of Rs.20 crore to the bank, the outstanding credit dues excluding interest, by allegedly divert...