India, Feb. 5 -- The Central Bureau of Investigation (CBI) has booked a private trading firm and its directors in an alleged bank fraud case involving Rs.10.14 crore, after they cheated public sector Punjab National Bank (PNB).

According to the CBI, the firm, Eldered Multitrading, and its directors submitted inflated and false valuation reports of collateral properties and fabricated financial statements to obtain credit facilities from the bank. After the loan was given out, the accused allegedly diverted and utilised the funds for purposes not sanctioned by the bank.

The CBI registered an FIR on December 31, 2025, under relevant sections of the Indian Penal Code related to criminal conspiracy, cheating, forgery for the purpose of chea...