India, April 30 -- The Central Bureau of Investigation (CBI) booked a private firm and its directors for an alleged bank fraud of Rs.29.97 crore involving unpaid loans, which caused a loss to the public-sector Indian Bank during 2017-2018.

The CBI's Mumbai unit registered an FIR on April 2 against the firm, Signet PP Ltd, its directors, and unknown public servants under the Prevention of Corruption Act and the Indian Penal Code's sections relating to criminal conspiracy, cheating and misconduct by public servants, on the basis of a complaint filed by the bank's deputy general manager, Stressed Assets Management Branch, Mumbai.

The Indian Bank classified the firm's loan account as a Non-Performing Asset on May 21, 2018 and sent a report ...