Interviewtimes 
The Union Bank of India (UBI) is now in limbo. The Central Bureau of Investigation (CBI) has filed a case against a private company and its directors in the case. According to sources, the private company had defrauded UBI of Rs 134.43 crore. The CBI has filed a case against Gandhidham High Press Technology Pvt. Ltd. and its directors in Gandhidham, Gujarat.
The company and its directors have been accused of embezzling Rs 134.43 crore from UBI. In this case, the CBI team has raided various places in Mumbai. According to the FIR, the company and its officials borrowed crores of rupees from banks. The money was used for illegal purposes.
Following the filing of the FIR, the CBI team simultaneously raided the homes of the company and its owners in four different locations in Mumbai. The CBI has taken action after receiving such allegations from Union Bank. The union bank filed complaint on the company and its director. They have been accused of embezzling money from the bank and misusing it.
