India, March 8 -- A special Central Bureau of Investigation (CBI) court on Saturday took cognisance of a charge sheet filed by the agency in connection with an alleged Rs.87.46-crore fraud against Punjab National Bank (PNB) involving Siddhi Vinayak Logistics Ltd, its directors and others. The court issued summons to 16 accused, including company executives and bank officials.

Special judge Dr J P Darekar observed that the prosecution had placed sufficient material on record to proceed with the case. "There is oral as well as documentary evidence collected by the investigating officer. There is sufficient material to substantiate the allegations against the accused persons," the court said while taking cognisance of offences relating to c...