CBI files charge sheet against Parekh Aluminex, IOB officials in Rs 300 cr bank fraud case

Updated: few hours ago

New Delhi, Dec 29 (PTI) The CBI Tuesday filed a charge sheet against Parekh Aluminex Ltd (PAL) and its director, besides some officials of Indian Overseas Bank (IOB) in an alleged bank fraud case worth Rs 297.80 crore, officials said.

The company which is into manufacturing of Aluminum Foil Containers, Aluminum Foil Rolls, Lids and other related products is facing multiple CBI cases with outstanding dues of Rs 917.61 crore to various banks as detected by the CBI so far, they said.