India, Feb. 2 -- The Mumbai unit of the Central Bureau of Investigation has registered a case against a private company and its directors in connection with an alleged Rs.12.72 crore bank fraud involving public-sector Indian Bank.

According to the CBI's first information report (FIR), Jaylon Impex India Private Limited and its directors are accused of fraudulently securing credit facilities from the bank through misrepresentation and diverting loan proceeds for purposes other than those sanctioned. The loan account turned into a non-performing asset (NPA) in June 2018, and the bank subsequently reported it as a fraud to the Reserve Bank of India in June 2020.

The case was registered on December 31, 2025, following a complaint by the dep...