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CBI registers case against Educomp Solutions directors for defrauding SBI-led consortium of Rs 1,955 crore

Updated : February 12, 2020 06:24 AM IST

After filing the FIR, the agency carried out searches at eight locations in Delhi, Dehradun and Gurugram on the premises of Educomp Solutions, Edu Smart and its directors.
It is alleged that ESPL had sought term loans from consortium members by keeping contracted future cash flows from schools as security, which was sanctioned.
CBI registers case against Educomp Solutions directors for defrauding SBI-led consortium of Rs 1,955 crore

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