PSL fraud: CBI conducts raids in Mumbai, recovers Rs 1.99 cr
Image Credit: PTI
The Central Bureau of Investigation (CBI) on Thursday conducted raids in Mumbai in connection with four separate cases lodged against Devki Nandan Sehgal, Whole Time Director of a private firm PSL Ltd, and others on allegations of committing bank frauds to the tune of Rs 217.37 crore. Following the raids, the CBI has recovered around Rs 1.99 crore.