MUMBAI, April 30 -- The Central Bureau of Investigation (CBI) booked a private firm and its directors for an alleged bank fraud of Rs.29.97 crore involving unpaid loans, which caused a loss to the public-sector Indian Bank during 2017-18. The CBI's Mumbai unit registered an FIR on April 2 against the firm, Signet PP Ltd, its directors, and unknown public servants under the Prevention of Corruption Act and the Indian Penal Code sections relating to criminal conspiracy, cheating and misconduct by public servants, on the basis of a complaint filed by the bank's deputy general manager, Stressed Assets Management Branch, Mumbai. The bank classified the firm's loan account as a Non-Performing Asset on May 21, 2018 and sent a report to the Reserve Bank of India on March 24, 2020, calling it a "fraud" account. In its complaint, the bank alleged that the borrower firm and three of its directors, in conspiracy with unknown public servants and private persons, fraudulently availed credit facilities, cheating the bank of Rs.29.97 crore as of May 21, 2018. The firm allegedly submitted incorrect stock and book debt statements. The complaint alleged that the firm diverted and utilised the disbursed loan funds for purposes other than those for which they were sanctioned. "The bank complained that the borrower company, represented by its directors, cheated and misappropriated funds causing wrongful loss to the tune of Rs.29.97 crore to it," a CBI official said....