Karnataka HC upholds CID charge sheet against SBI and PNB executives in Rs 78.5 crore fraud case

  • Posted on August 19, 2025
  • By Business News Today
  • 1 Views
Karnataka HC upholds CID charge sheet against SBI and PNB executives in Rs 78.5 crore fraud case

The Karnataka High Court has upheld a charge sheet against SBI and PNB executives in a ₹78.5 crore fraud case involving Metal Closures Pvt. Ltd. The court dismissed petitions from bank officials, finding no merit in their claims under the SARFAESI Act.
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